Marine Insurance

Expert solutions for commercial marine and pleasure craft risks.

Discover our Marine Insurance Products

UFANS Insurance Services has been providing specialized marine insurance solutions since 1989. Our experienced team provides specialized underwriting expertise and access to established marine insurance markets, helping insurance brokers place commercial marine, cargo, pleasure craft and other specialized marine risks.

We support brokers in finding the right marine insurance solutions for their clients.

Marine Property & Trade

Tailored policies to meet the complex needs of businesses in the marine industry. Our comprehensive packages provide a broad range of coverage to meet clients’ specific requirements.

Target Classes

Wet & Dry Marinas
Yacht Clubs
Boat Builders & Repairers
Boat Dealers/Brokers & Chandlers
Marine Engineers, Electricians & Detailers
Small Marine Equipment Manufacturers, Installers & Maintenance

Coverages Offered

Buildings and Contents
Marine Structures (Breakwaters, Quays, Fixed & Floating Pontoons & Walkways)
Third Party Liability - including commercial general liability, marina operators legal liability, ship repairers legal liability, pollution liability, tenant’s legal liability, products liability and more
Slips and falls, extensions in cover can be provided for lifting and movement of vessels, legal liability whilst repairs are being carried out, products cover for parts/items fitted and/or sold via chandlery etc.
Business Interruption
Travel Hoists, Lifting & Handling Equipment
Vessels under Construction
Money kept on premises, in transit or to and from the bank
Other coverages may be available upon request

Marine Insurance for Commercial Watercraft Operations

Coverage for a wide range of commercial watercraft risks.

Target Classes

Skipper Charters
Tugs & Barges
Sightseeing & Fishing Guides
Research Vessels
Tour boats
Workboats
Ferries

Undesirable Risks

Overnight Charters
Watersports (wakeboarding, water skiing, parasailing, fly boards)
Diving Operations
Amphibious Vessels (ie. Duck Boats)
Houseboats
Float Homes

Coverages Offered

Cargo and Stock Throughput

Provides coverage for any type of cargo on a worldwide basis whether by ocean or inland transit import and export shipments, as well as warehousing/storage in the course of transit, on an “all risks” basis.

Stock Throughput provides protection for the flow of goods from production point to the final destination, typically covering physical damage to inventory while in transit. Stock Throughput integrates transportation, inventory storage, material handling and packaging by protecting the shipment of raw materials, works in progress, and finished goods.

Target Industries

Manufacturers, wholesalers, distributors, traders, logistics providers involved, and importers/exporter engaged in global trade of the following industries:

Food and Beverage
Mining, Oil and Gas
Agricultural
Pharmaceuticals
General Merchandise (clothing, lumber, furniture, consumer electronics and toys)
Chemicals
Financial
Electronics and Communications Equipment
Forestry, Pulp and Paper
Defense and Aerospace
Construction

Standard Coverage

Fire and explosion
Stranding
Sinking
Capsizing
Overturning of a truck or train
Collision
Discharge at a port of distress
Total loss of vehicle
General average sacrifice and jettison

Specialized Marine Insurance Coverage

Complex marine risks require a specialized solution. UFANS specialized coverage targets high-value watercraft and standalone policies for specific marine-related risks

Coverage for $5M+ Watercraft

Target risks: Power Cruisers, Cabin Cruisers, Motor Yachts, Trawler style & Sailboats
Policy covers for physical loss or damage to the yacht and its contents.
Can include cover for crew personal accident and yacht owner’s liability to crew.
Liabilities including Protection & Indemnity and Pollution up to $10M.

Standalone coverage

Docks Coverage (Breakwaters, Quays, Fixed & Floating Pontoons & Walkways)

Marina Operator’s Legal Liability

For operations which include storing vessels on land or on water.
Includes coverage for hauling and launching within the limits of the marina(s).
Can be offered on a standalone basis, or a part of a larger marina package.
Up to $5,000,000 Liability Limit – Higher limits can be requested and reviewed by underwriters.

Ship Repairer’s Legal Liability

Interested in becoming a UFANS pleasurecraft broker? Click on the link below.

Pleasurecraft Marine Insurance

True Marine Protection & Indemnity coverage for personal watercraft. Every policy includes marine assistance, accident benefits and medical, along with emergency towing and loss of use

Target Classes

Runabouts
Pontoon Boats
Fishing Boats
Jet Boats
Cabin Cruisers
Ski Boats
Deck Boats
Sail Boats
Sport Boats
Personal Watercraft (Jet Ski®/Dea Doo®/Waverunner®)

Coverages and benefits Offered

All Risk, replacement cost on partial losses for vessels newer than 15 years of age (ACV/depreciation thereafter)
GRC is available for new boats – subject to qualification
Newly acquired vessel coverage automatically included
Marine Protection & Indemnity coverage including wreck removal and pollution liability coverage.
Medical Payments and Accidental Death Benefits coverage
Emergency Towing
Waterski liability included within P&I limit (not sub-limited)
Freezing damage (where appropriate precautions taken)
Vermin damage
Uninsured Boaters
No theft exclusions
Permission granted to sign standard hold harmless agreements for moorage and storage
Marine Assistance Program
Navigational Extension Coverage (ie. Bahamas) is available upon request
Premium charged is not fully earned at inception
Deductible waived if damage caused by a liable third party

Interested in becoming a UFANS pleasurecraft broker? Click on the link below.

Contact Us

UFANS Insurance Services

4 King Street, Orillia ON L3V 1R1

Need more information? Can’t find the right coverage? Email or call us at 1-877-431-4292.

About Us

UFANS Insurance Services is a one-stop solution for all your marine risks.

UFANS Insurance Services is a specialized marine insurance intermediary and Open Market Correspondent at Lloyds effected through certain syndicates at Lloyds Underwriters.

In addition, we provide comprehensive marine insurance programs and work with stable and financially-secure insurers to offer marine-focused specialized products.

Marine insurance can be complicated.

Our marine experts have a wealth of experience and knowledge in the commercial marine and insurance industries.

When it comes to marine insurance protection, UFANS can provide you with competitively priced and comprehensive insurance coverage for a wide range of marine classes.