Protect your financial interests with a Yacht Charterers Liability policy
In our experience advising yacht charter brokers and charter clients, one of the most commonly overlooked risks is liability exposure during a charter. Yacht owners typically carry Protection & Indemnity (P&I) insurance, but this coverage may not fully extend to charterers or their guests. Even when it does, some risks may remain. If an incident occurs onboard, such as damage to the vessel or equipment, injury, or death, the charterer could be held financially responsible. A Yacht Charterers Liability insurance policy can help mitigate that risk. It helps protect charterers against third-party claims and property damage during the charter, reducing their potential financial exposure.
Learn more about Yacht Charterers Liability
Understand how Yacht Charterers Liability insurance protects charter guests and meets common contractual requirements in yacht charter agreements.
What does Yacht Charterers Liability insurance typically cover?
This insurance provides liability coverage for a range of risks that may occur during a yacht charter.
- Lawsuits arising from accidental injury or death onboard or during watersports activities
- Damage to the vessel, including hull, interiors, tenders, toys, and equipment
- Wreck removal
- Obstruction
- Towage
- Fines and penalties
- Environmental damage, including oil spills and pollution
Why choose Yacht Charterers Liability?
Designed to meet charter agreement requirements and provide flexible global liability protection for yacht charters.
- Can satisfy requirements in standard MYBA, CYBA, AYCA, and other approved yacht charter agreements
- Available to crewed charters
- Policy can cover an individual, corporation, or trust
- Worldwide jurisdiction
- Easy quoting and application. Most quotes are available the same business day