Helping your marine business stay on track
At Lake of the Ozarks, marine businesses help keep our lake community moving. From marinas and boat dealers to repair shops, marine contractors, passenger boats, and other service providers, these businesses support the recreational activities that make our area such a special place to live, work, and visit.
Rock Island Insurance can help marine businesses explore insurance options for their vessels, property, operations, and liability exposures. Our agency has access to RLI Marine and other insurance carriers that consider a variety of commercial marine operations.
Coverage Options for Lake-Area Marine Businesses
Operating a business on or near the water can create risks that may not be adequately addressed by standard business insurance. The appropriate coverage depends on what your business does, the services you provide, and whether you own, operate, repair, store, sell, or work aboard vessels.
Coverage may be available for businesses such as:
- Marinas and boat dealers
- Boat builders and boat yards
- Boat repair and service facilities
- Marine contractors
- Marine artisans and subcontractors
- Dock builders and repair contractors
- Passenger and excursion boat operators
- Charter and six-passenger boat operators
- Sightseeing and dinner boats
- Utility, crew, and service vessels
- Municipal, fire, and safety boats
- Workboats and small utility vessels
- Dock, landing, and wharf operators
- Dredging operations
- Research vessels
- Ferry and passenger vessel operators
- Ship repairers and shipyard operations
- Marine terminal and stevedoring operations
Don’t see your type of business listed? Contact us to discuss your operation. Additional marine-related businesses may be considered based on their individual characteristics and exposures.
Commercial Vessel Coverage
If your business owns or operates a commercial vessel, a standard business policy may not provide the protection your operation needs. Depending on the type and use of the vessel, available coverage options may include:
- Hull coverage for physical damage to an insured vessel
- Protection and indemnity liability
- Coverage for onboard or attached equipment
- Charter boat operations
- Passenger vessel exposures
- Workboat and utility vessel operations
- Service and crew vessel operations
Eligibility and coverage options may be affected by the vessel’s type, value, age, condition, use, operating territory, passenger capacity, operator experience, and loss history.
Marine Liability Coverage
Working on boats, docks, marinas, and other waterfront property can create unique liability exposures. Marine liability options may be available for operations such as:
- Marina and boat dealer operations
- Boat building and repair
- Marine construction and contracting
- Dock construction and repair
- Work performed by marine artisans
- Shipyard and subcontractor work
- Dock and landing operations
- Passenger vessel operations
- Marine terminal operations
Coverage availability will depend on the nature of the business, the services performed, and the specific exposures involved.
Excess Marine Liability
Some marine businesses need liability limits beyond those provided by their primary policies. Excess marine liability or bumbershoot liability coverage may be available for qualifying operations. Depending on underwriting and the structure of the insurance program, excess coverage may be placed over eligible primary policies or considered on a stand-alone basis. Available limits and attachment points are determined individually by the insurance carrier.
Marine Cargo Insurance
Businesses responsible for transporting or storing goods may also need marine cargo insurance. Coverage may be considered for a range of eligible commodities while they are in transit or temporarily stored. Available limits, covered locations, transportation methods, storage arrangements, terms, and exclusions will depend on the cargo and exposures involved.
Local Service for Businesses That Keep the Lake Moving
Lake of the Ozarks is more than a recreational destination—it is home to an entire network of businesses that make lake life possible. We understand how important marinas, repair facilities, marine contractors, boat dealers, passenger vessels, and service providers are to our local economy and community.
At Rock Island Insurance, we’ll take the time to learn how your business operates and help you explore available insurance options. That includes discussing your vessels, services, employees, customers, equipment, operating area, and other exposures that may need to be considered. Our goal is to help you understand your options and keep your marine business moving in the right direction.
Let’s Get Your Marine Business on the Right Track
Whether your business serves recreational boaters, maintains vessels, builds docks, operates passenger boats, or provides another essential lake-area service, Rock Island Insurance is ready to start the conversation. Contact our team to discuss your operation and request a marine insurance quote.