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How Much Does Commercial Boat Insurance Cost? (Examples Included)

Boat insurance is one of the first things you should always consider for any kind of commercial vessel. It is essential for any ship, but it is crucial for those whose livelihoods depend on their vessels!

However, to find the best cover for your boat, you will need to work with an insurance broker that will happily tailor the policy to your specific needs.

So, let’s get started – and look at a few sample commercial boat insurance policies, rates, and a few things to bear in mind in your hunt for the perfect cover. One of the most asked queries is how much boat insurance costs, so let’s give you an idea in this article.

How Much Should Commercial Boat Insurance Cost on Average?

Unfortunately, there’s no straight answer here – there’s no such thing as average commercial boat insurance rates!

Due to the varying uses of commercial crafts, there are many different commercial boat insurance policies and specifics.

In fact, most insurance companies apply different covers and prices to individual needs. That is why creating an average for commercial marine insurance policies is nigh-on impossible.

As you can imagine, a cruise ship with hundreds of passengers, more difficult mooring and countless instruments and employees will pay a far different comprehensive cover than a local fisherman.

It pays to compare and contrast.

There’s a reason why the average is likely to vary so much. Whatever your business, running a commercial craft has a variety of challenges.

Whether you will have your own customers boarding and even staying on the boat, or you use it for your own commercial purposes (such as fishing), your boat will likely go through a lot – including different settings, weather, and even the occasional breakdown.

That is why ensuring that you are fully covered is essential – and why you should start comparing rates as priority.

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What Does Commercial Boat Insurance Cover?

When looking into boat insurance comparison, you’ll likely find the following areas are covered by policies:

  • The vessel’s commercial purpose (whether it is for fishing, diving, cruising, ferrying, sightseeing, potting, layering, water sampling, etc.)
  • Your trading style (how you’re registered)
  • The age of the vessel
  • The owner’s experience and previous claims
  • Its mooring location

The list goes on.

Now, depending on what the boat is used for, insurance experts will be able to better determine what exactly your commercial boat insurance policy should cover.

Some of the more common policies include:

  • Marine legal protection cover
  • Crew liability
  • Third-party liability
  • Personal belongings
  • Personal accident cover
  • Outboard motors

And, again, the list goes on.

The best insurance brokers will work closely with you to better determine exactly what should be covered for your vessel – it’s worth setting up a conversation once you have at least three commercial boat insurance quotes to hand.

Commercial Boat Insurance Price Examples

We understand that finding an average price for boat insurance can be a little tricky.

As there are so many things to consider before being able to reach a set price, and of course, with the price varying depending on the insurance brokers, it can be quite stressful, especially when you are setting out your business plan at the same time!

With that in mind, here are a few examples of boat insurance quotes, bearing in mind that these are for very specific boats and their needs.

For example, all under fully comprehensive cover:

  • Large motorboats cost on average just over £260.
  • Dutch barges cost on average just over £700.
  • RIB insurance costs around £330.
  • Catamarans cost around £480.

However, it is essential to remember that these rates vary depending on the age and current state of the boat, the owner, the captain, the crew, the public, the mooring, the size of the boat, etc.

The only way to truly determine how much you will have to spend on boat insurance is by getting multiple quotes online.

Thankfully, boat insurance comparison has never been easier, and we can help you with that!

We are a vastly experienced, commercial boat insurance broker who will get the most competitive rate possible for your policy needs.

Commercial Boat Insurance Quote

If you wish to insure your commercial boat here in the UK and need to find the best commercial boat insurance quotes available, then you have certainly come to the right place!

All you need do is click on the ‘Get Quote’ button at the top of the website and fill in some quick personal data about your boat to make obtaining insurance quotations that much easier.

We’re also completely authorised and regulated by the Financial Conduct Authority, too – so you can rest easier.

It takes just minutes to arrange cover for your commercial craft.

With a wide array of options available to you, it won’t take long for you to find the perfect insurers to protect you when out on the water.

It’s time to protect your business, your interests, your people – and your boat.

Run a commercial business using your yacht, sailboat, pleasure craft or other type of boat? You can trust your vessel with Velos. Start your COMMERCIAL BOAT INSURANCE POLICY QUOTE NOW by clicking on the quote button at the top of this page.

Summary

Insurance for commercial vessels is always going to vary when it comes to the cost. That’s why it makes sense to save money and time by contacting us at Velos to use our decades of experience to find you the best policies and rates, depending on your precise needs. It’s time to get yourself covered.

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How Much Does Boat Insurance Cost? (Examples Inlcuded)

Are you considering taking to the waves? Or are you maybe considering upgrading ? Besides the costs of the actual boat and running it, one of the biggest things you will have to consider is the cost of boat insurance.

Whether you have a rowing boat or a yacht, every boat owner needs to ensure that they have the cover that they need to protect themselves, their crew, their ship, and other traffic!

That is why we are going to guide you through boat insurance, the costs, and more – how much is boat insurance (UK based) on average? It’s time to get covered.

How Much Should Boat Insurance Cost on Average?

In some ways, boat insurance is like any other kind of insurance in that the price depends on the size of the boat, its age, where it is (where it is moored, to be exact), and on you, the owner.

Do you have any experience owning and driving a boat? What are your previous boat insurance claims, if you have any? Are you a licensed driver?

The price of boat insurance also very much depends on the kind of boat insurance policy that you are looking for.

Given that boat insurance is not a legal requirement in the UK, there are some boat owners that would assume that it isn’t necessary.

However, it is essential to note that certain marinas will not allow you to moor your boat without insurance and that in order to use your boat on the British waterways, you will need coverage of some form or other.

But what kind?

To save money, some opt for third party boat insurance alone.

Now, while third party cover is excellent, it will not cover everything, which is why having fully comprehensive boat insurance is always the wisest idea.

Now, we can practically hear you thinking that something like a fully comprehensive cover will cost a fortune! Thankfully, it doesn’t have to – keep reading and we’ll show you why.

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Are Boats Expensive to Insure?

On the whole, no – but that all depends on a few basics. Generally speaking, smaller boats such as dinghies can cost anything from around £100 a year to insure, whereas bigger boats such as yachts or speed boats can cost a lot more.

However, there are ways that you can reduce the cost of your boat insurance. For example:

  • Get your licence: While having a boat licence isn’t always necessary, it definitely helps to reduce the cost of insurance policies. Put yourself in the shoes of the insurance companies – if they have to insure a boat owner who has no experience sailing or driving a boat, then they are statistically more likely to have a boating accident with it. Therefore, by providing the necessary proof that you do indeed have experience commanding a boat of that size and that you have been qualified to do so, your boat insurance quotes will be significantly lower.
  • Get safety equipment: One way of lowering your rates is by proving that you are at a lower risk. Preparing your vessel for any eventuality, be it for fires, equipment failures, lifejackets, lifeboats, etc., your insurance policy is bound to be cheaper.

 

  • Consider using the same company as the one you use for your home and auto insurance: You may find that the insurance company that you already use for your car insurance, homeowners insurance or others can offer you good insurance cover for your boat at a lower rate. An insurance company that does not know you is bound to offer higher premiums than one that has experience working with you already.
  • Compare boat insurers: The best way of ensuring that you are getting the best policy possible is by comparing as many marine insurance companies as possible.

What Are You Paying For When You Insure a Boat?

Of course, what you will be paying for exactly with your boat insurance depends on the policy basics. However, here are a few things that you should expect to see if you get boat insurance:

  • Third-party cover: The first thing that you should really look at is third party insurance – as discussed. In many cases, boat owners choose to only have this as it covers something that none of us can control – third parties on the water. Third-party liability insurance covers you, your crew, and the guests on your boat should any injuries, damages or even death have been caused by a third party.
  • Fully comprehensive boat insurance: As the name suggests, fully comprehensive boat insurance covers most things, including things that we simply cannot control, such as theft, vandalism, third party fire, property damage, sinking, and even weather-related damage.
  • Medical expenses: Some insurance policies do indeed include cover for medical bills induced from accidents caused onboard that could hurt you, your crew, or your guests.

Example Costs of Boat Insurance

As mentioned, defining exactly how much you will have to pay on boat insurance will vary depending on a few factors.

However, there are, of course, certain averages that can help you to better understand how much you are potentially looking at when it comes to insuring your vessel.

Here are a few examples of boat insurance policy costs in the UK:

  • Yachts: For fully comprehensive insurance for a yacht here in the UK, prices average at just over £380.
  • Catamarans: On a fully comprehensive insurance policy, catamarans cost more on average, coming in at over £480.
  • Speedboats: If you are looking at insuring your speedboat on a fully comprehensive policy, then you are looking at more around £340.
  • Houseboats: Houseboats cost even less to insure, coming in at around £260.
  • Dinghy: If you are looking at a small dinghy for weekend adventures, then you will be happy to know that, on average dinghies cost around £115 on a fully comprehensive insurance policy.

Summary

Whether you use your boat daily or just every now and then, it is always best to have the best insurance possible.

Anything can happen on boats, whether you are just cruising up down a river or taking on the seven seas.

Thankfully, with high quality boat insurers like Velos to choose from, you ensure that you pay a fair amount for the cover that you need.

Whether you own a yacht, sailboat, pleasure craft or motorboat, you can trust your vessel with Velos. Start your boat insurance policy quote now by clicking on the QUOTE BUTTON at the top of this page.

It can take a little time to decide what exactly you want and need but trust us – it is definitely worth it when it means keeping you, your boat, and your loved ones safe.

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Do You Need Insurance to Drive a Boat (What About a Licence?)

Owning a boat is like having a ticket to unlimited freedom. Being able to sail your own vessel, whether it is to take on the wider seas or move smoothly by across the beautiful inland waterways of the UK, there’s little wonder that boating is so popular here. Given its popularity and the number of boats on our waters, it’s natural to wonder whether or not you need boat insurance or even a licence to use your boat, however.

You do not need insurance or even a boat licence to use certain kinds of boats in the UK. That being said, certain inland waterways, marinas, and vessels will require you to have a boat safety scheme or boat licences, and at the very least some form of boat insurance (such as third party insurance).

Let’s take a closer look.

Is Boat Insurance Required in the UK?

No, you do not need boat insurance in the UK to own or even use your boat. As a boat owner, it’s not a legal requirement for you to have insurance…with some exceptions.

That being said, there are certain marinas, and most inland waterways that insist on boat owners to have at least some form of boat insurance.

It’s generally seen as good practice to provide boat insurance details if requested.

It is recommended that you have at least third-party liability insurance.

Third-party insurance will ensure that if you cause any accidental damage to other boats and people, said damages, injuries and even death will be covered financially.

There are, of course, completely comprehensive policies available for boats that cover fire, theft, personal accident, etc.

Many inland waterways and marinas require you to at least have a boat safety scheme certificate.

For more information, you should contact your own marina and the broads authority to ensure that your boat is safe to use in that specific area.

Do You Have to Have Insurance on A Boat Outside of UK Waters?

Although you will have to research the waters through which you will be specifically travelling on and the countries in which you plan on docking, most European countries and other territories do ask for proof of insurance on your boat.

Of course, it is best to enquire with the specific port and waters that you plan on visiting to be sure of whether or not you need boat insurance and whether your vessel meets all of their requirements for entry.

You should also consult the navigation authorities should you have any queries regarding using your boat.

Is It Illegal to Not Have Boat Insurance?

Since having boat insurance in the UK is not a legal requirement no, it is not illegal to avoid setting up such a policy.

However, given the sheer cost of buying and maintaining a boat, it would be wise to insure it to ensure that your vessel is covered should an accident occur, be it of your doing or someone else’s.

There are plenty of boats sailing in the UK that are not insured and who do not even have third party insurance.

It is always wise to protect your vessel from any eventuality. Especially if you own a valuable luxury yacht. Yacht insurance becomes essential.

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Do I Need a Licence to Own a Boat?

No, you won’t need a boat licence to physically own a boat in the UK.

What’s more, if you use your vessel for commercial purposes, even a small commercial boat will require you to have a licence.

Do You Need a License to Drive a Boat in UK Seas?

Generally speaking, you do not need a boating licence to sail your yacht, rowing boats or most other vessels in UK waters. However, to run speed boats, you will require a licence.

That being said, most inland waterways, such as the Suffolk Broads, the Thames, etc., require boat owners to have a boat licence. That goes for all owners, whether you have a powered boat or an unpowered boat.

Is a Licence Required to Drive a Boat in Foreign Waters?

Many foreign countries and waters require boat owners to possess an International Certificate of Competence (ICC), also known as an international boat licence, to ensure that they are safe to travel within the waters.

However, if you are travelling somewhere abroad, be it a powered boat or not, it is best to take a competency exam beforehand to ensure that you, those on your vessel, and anyone surrounding your boat is free from harm.

You won’t have to pass any kind of exam when it comes to owning a boat – but for the sake of boat safety, it’s best to brush up.

Summary

With boating laws being what they are in the UK right now, it can be easy to assume that driving or sailing a boat is completely free and easy.

In fact, given that owning a boat does not mean that you have to have it insured, it can seem easier to own a boat than it is a car in many ways.

However, all vessels, even unpowered boats, can be challenging to use. So much affects the way that your journey will go, including your experience, the weather, and other boat users around you.

Just as you should always have certain security devices on your boat (such as inflatable rafts, life jackets, etc.), you would be wise to also have a boat licence, or at the very least, a boat safety scheme certificate.

Moreover, you will find that the broads authority and other navigation authorities will now insist upon owners having boat licenses, a boat safety scheme, and at the very least third party insurance.

Save yourself some hassle and give yourself peace of mind by making your time on the water safer for you and everyone else.

Whether you own a yacht, sailboat, pleasure craft or motorboat, you can trust your vessel with Velos.

Start your boat insurance policy quote now by clicking on the quote button at the top of this page.

Contact the navigation authority to ensure that you and your boat are safe on the UK waters for more information.

You should also look at marine finance to enquire about any financial information regarding boat insurance and insurance companies.

Read Also: Is my boat covered by my home insurance?

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What Does Third Party Boat Insurance Cover (and What It Doesn't!)

If you are looking at boat insurance, then you will likely have had to consider third-party liability insurance at the very least. Even though boat insurance is not a legal requirement in the UK, it is highly recommended – as many marinas will not accept your boat without any least some form of cover. At the absolute least, third party liability insurance is a wise idea. With more and more insurance claims being made every day, it is always best to ensure that your vessel is protected. So, what is third party liability insurance, and how does it work?

Third-party liability insurance covers you if there is any damage caused to other boats. This type of boat insurance policy should also cover you if the damage caused any physical harm. It will cover the boat owner, crew, and even guests. In total, it will cover:

  • Injuries to the third party
  • Damages to them and/or their vessel
  • Death to the third party

So, what doesn’t third party insurance cover, and what affects the cost of the insurance?

What Is Excluded from Third Party Boat Insurance?

Even though third party cover does protect a great deal, naturally, there are certain things that are excluded from the insurance and that will render the damage uncovered.

For example, even though the policy covers damage to a third party, that only means accidental damage. If it is proven that the cause of the problem was due to malicious damage, then the claims will not be valid or authorised.

Similarly, if it is proven that the damage was caused by wilful misconduct, then the insurance will not cover the damage costs.

Unlike other boat insurance policies (such as fully comp, for example), third party insurance will not cover fire or theft. In order to have those covered, you will need to pay for an additional premium.

Given that fires and theft are more common in cars (and so are generally covered in car insurance), many boat owners do not see the point in having fire and theft covered on their boats, especially as they are not required in most marinas. The choice is yours, of course.

What Factors Affect Third Party Boat Insurance Cost?

From the get-go, it is essential to understand that in order to find the best deals for third party insurance, you will need to compare boat insurance from company to company.

However, generally speaking, there are a few common points for most companies that will affect the cost of your insurance, such as:

Your on-board equipment

Having reliable, present safety equipment on your boat can significantly help you reduce the cost of your boat insurance. Things such as GPS, depth finders, radar, etc, will help to better protect yourself and others aboard your ship, as well as protecting those around you, which will in turn help to reduce the cost of your insurance.

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Same-company deals

Sometimes, companies will offer a discount for clients who already have insurance policies with them, be they for cars or other vehicles, homes, etc. Therefore, it could be worth looking at your existing insurance company and enquiring about a discount for your third party insurance policy.

No prior boat insurance claims

As is the case with car insurance, your rates will go up if you have a history of claims. If your boat insurance policies have not been previously claimed upon, then the chances are that your third party boat insurance will be cheaper than it would be if you had.

Your age

Again, the same goes for certain car insurance companies, as your age can significantly impact your insurance policy rate. Generally speaking, the older you are, the more mature the company is likely to consider you to be. Therefore, they consider you to be more responsible and will, in turn, reduce your boat insurance costs.

Boating experience

Whether you have a licence or even have previously owned a similarly sized or even bigger boat will help determine your boat insurance cost. Suppose you have no experience navigating a vessel or have never even owned one (or at least one of the same size or bigger than the one that you are insuring now), then the insurance company will likely give you a higher cost for your boat insurance.

Summary

Given that there is no compulsory insurance for a boat owner in the UK right now, it can be easy to assume that it’s not necessary. However, the benefits that come with ensuring that you and your vessel are covered are essential.

Many marinas and rivers in the UK are tightly regulated and insist that boat owners have at least third party insurance. Therefore, it is wise to have at least this kind of boat or yacht insurance, and at best, a fully comprehensive policy to cover even the most expensive parts of your vessel

Remember to always compare boat insurance online – so you can ensure the details of your policy are to your standard and are at the best price for your needs.

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What is professional indemnity insurance?

Professional indemnity insurance is sometimes referred to as PI insurance. It is a form of protection against compensation owed to a client. Compensation can vary depending on the type of claim as well as the severity. A professional indemnity policy will reduce the financial impact on your business by allowing you to recover losses from compensation claims made against you.

What does professional indemnity insurance cover?

Depending on policy coverage you may receive cover for causing a financial loss, or reputational damage, to a customer for:

  • Professional Negligence – this may be due to a mistake on your part, or incorrect advice or information provided to a customer that results in them suffering a financial loss. It may also include your client overrunning on their budget and making a compensation claim against you.
  • Legal Costs – including compensation payments awarded to the defendant. Your defence costs are also paid, including legal fees.
  • Breach of Confidentiality – including sharing information without permission, or infringing any copyrighted material, trademarks, or intellectual property rights.
  • Bodily Injury – if a client is injured due to your negligence.
  • Property Damage – when a building or its contents are damaged due to negligent work.
  • Acts of Defamation – such as libellous or slanderous statements made about a client.
  • Loss or Damage to Goods or Information – loss or damage to stock, equipment, or other belongings, as well as information which could include documents or data..

If you own your own business cover may also extend to include your employees.
Professional indemnity insurance is provided on a claims made basis meaning it will only cover you for claims made during the time you’re insured.

Do I need professional indemnity insurance?

Not every business requires professional indemnity insurance, and it isn’t a legal requirement. Usually, this type of cover is required by businesses or individuals that offer knowledge, skills, or advice as part of their work. Some professionals will need to have professional indemnity insurance if they want to be a member of their professional body, or their industry may have regulations that require this cover. These professionals within the marine industry can include:

  • Designers
  • Engineers
  • Business Consultants
  • Educators & Training Providers
  • Coaches & Trainers
  • Surveyors

If you need more advice about the impact of Professional Indemnity on your business, call the experts at Velos.
Call us now on 0207 929 4058 or email us at marine@velosgroup.co.uk

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Categories: Boat insurance, News

What is Directors & Officers Liability Insurance?

Directors and officers (D&O) insurance policies provide liability cover for company managers to protect them from claims which may arise from the decisions and actions taken as part of their regular duties.

Any allegations of wrongdoing need to be investigated and defended, and this can come with a significant amount even if the case does not reach court. This means directors and officers personal finances are at risk, so it’s essential companies provide protection through directors and officers (D&O) liability insurance.

What is covered under Directors & Officers Liability insurance?

The main purpose of a D&O policy is to provide financial protection for managers against the consequences of actual or alleged “wrongful acts” when acting in the scope of their managerial duties. The D&O policy will pay for defence costs and financial losses. In addition, extensions to many D&O policies also cover costs for managers generated by administrative and criminal proceedings or during investigations by regulators or criminal prosecutors.

Who is covered under Directors & Officers Liability insurance?

All current, future, and past directors and officers of a company and its subsidiaries are covered under a D&O policy, which can also include non-executive directors. Cover is usually taken out and paid for by the company.

The Reassurance of Directors & Officers Liability insurance

Directors and officers insurance covers costs associated with the defence of an allegation of a wrongful act. This means it takes away the financial risks faced by directors and officers, giving them protection should an allegation or claim be made against them. Considering that even simple investigations can cost thousands purchasing directors and officers makes financial sense.

What is a wrongful act?

This could be a breach of trust, breach of duty, neglect, misleading statement, error, or wrongful trading, committed or attempted by a director or officer whilst acting in this capacity on behalf of the company.

Why are individuals vulnerable?

  • Legal liability is shifting away from companies and towards personal liability.
  • Regulators are now more proactive in investigating companies.
  • Employees know their employment rights and are increasingly likely to pursue legal action..

If you need more advice about the impact of Directors & Officer’s Liability on your business, call the experts at Velos.

Call us now on 0207 929 4058
or email us at insurance@velosgroup.co.uk

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Categories: Boat insurance, News

Do I need separate insurance for my boat?

Boats have a high recovery and replacement cost and come with their own risks. So, insuring them makes sense. You may find that your home or car insurance provides a degree of cover, but there are lots of good reasons for taking out dedicated boat or watercraft insurance.

Will my home contents insurance cover my boat?

While your boat is stored at your home it may be covered – up to a certain value – by your home insurance.

Home insurers, for the most part, do not have any particular expertise in insuring watercraft. So, you will find the coverage is not tailored to your needs. And if you are in the unfortunate position of needing to claim for damage or an accident to your boat, you may be getting help from someone who does not have a full understanding of what has happened and what your needs are.

It is certainly worth calling up your home insurance provider and asking them whether your boat is covered.

But specialist boat or watercraft insurance will give you better coverage, better service and better peace of mind. It will provide coverage when your boat is on the water, in a marina or in a boatyard, too.

Will my car insurance cover my boat?

While you’re towing your boat to the water, it may be covered by your car insurance if you’ve made appropriate arrangements. Note that some motor insurances have restrictions about the length of boat you can tow. It’s best to call up and ask before you set out.

Do I need boat insurance?

You probably do need boat insurance, particularly if we’re talking about a larger boat with a high replacement cost. Insurance may also be a condition of navigating certain waters or taking part in organised sailing activities. So not having boat insurance can be quite limiting.

Your home insurance might cover your boat while it’s stored at your home. But it won’t cover your boat on the water, in transit or in a boat yard.

Is boat insurance a legal requirement?

There is no UK law saying that you must insure your boat – but you will need at the very least third-party cover if you want to access the facilities at a marina or use a boatyard. And you’ll also need it if you plan to navigate rivers and canals.

Am I covered by the previous owner’s boat insurance?

If you buy a boat second-hand, the insurance previously held won’t apply any more. You need to take out a new policy for your boat.

How do I cut the cost of my boat insurance?

You can reduce the cost of boat insurance by:

  • shopping around to find a policy that best meets your needs (note that Velos won’t be on any price comparison websites because we offer a tailored insurance service)
  • building up a no claims bonus
  • taking some training (particularly if you are a new boat owner).

How much does boat insurance cost?

The cost of boat insurance varies enormously according to what type of boat you wish to insure, where it is stored, your level of experience and competence and what activities you have planned on the water. At Velos we provide tailored insurance, so the best way to find out the cost of your boat  insurance is to use our form to get a quick quote.

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Categories: Boat insurance, News

What steps should you take when your boat capsizes?

An accident in which a vessel sinks or capsizes is every boatowner’s nightmare. But it’s something that everyone who goes on the water should consider so that they know what to do if the worst happens.

Boating accidents can occur as a result of striking something – like floating debris or another vessel. They can be caused by bad weather, mechanical failure, poor maintenance, user error or simple bad luck.

Reduce the impact of a boating accident before you sail

The most important thing you can do to protect those you sail with is to insist on everyone wearing lifejackets (or personal floatation devices – PFDs) while on the water. Be sure to keep your PFDs in tip-top shape by checking them regularly, storing them well and replacing them as necessary. The RNLI has some helpful guidance about lifejackets.

Make sure your boat has the right level of insurance. Before you set sail think about whether the coverage you have is right for the activities you have planned. The right insurance policy will help with the costs of recovery and repair – but if you’ve got the wrong coverage, then you may find yourself paying for more than you otherwise might have. If you want to check your coverage with Velos, get in touch on +44 (0)20 7929 4058.

Keep your vessel in good repair. Take steps to maintain your watercraft to a good standard. This will reduce the chances of an accident.

Carry a communication device. Look into the different options, including handheld VHF; personal locator beacon; EPIRB; SART.

Talk with your passengers and crew about what to do when things go wrong. It might put a bit of a dampener on the launch – but it’s a conversation that could save lives.

What happens when a boat starts to sink?

A boat can start to sink very quickly once it starts to take on water. So, make sure everyone is wearing a lifejacket.

You will want to have your communication device and your ditch bag handy in case you need to evacuate.

Once everyone is as safe as they can be, call for help. The coastguard will want to know your location, boat name, number of people and situation. They may also ask how long you can stay afloat.

While you wait for help to arrive, start work on some self-help. It may be possible to plug a leak with anything soft like bags of food or bedding. Think about whether you can shift the weight in the boat to raise the leak above the water line. Use bilge pumps to remove the water, and think about whether beaching the boat is an option, as this will prevent the boat from sinking.

What should I do if my boat capsizes?

Stay with a capsized vessel. It is easier for rescuers to spot a vessel in open water than the head of a swimmer. You can also stay dryer and warmer for longer, even in a listing vessel.

What should I do if my boat collides with another vessel?

In the event of two boats colliding, you must stop and identify yourself, your vessel, your home port, your ports of origin and destination. You are obliged to help the people on board the other boat – as long as it’s safe to do so.

You will need to report the collision if there are extensive damages or the seaworthiness of the vessel is affected or if it’s resulted in death or injury that requires more than first aid.

If you are racing: protest the third party if they do not accept the penalty.

Finally, you should get witness statements and details from everyone involved.

What should I do once I’ve been rescued from a sinking yacht?

Once help arrives and you and your passengers are safe, you may be able to negotiate a tow if your boat is not completely sunk. Take steps to safeguard the vessel, then let your insurers know. They can advise on salvage and repairs and will tell you what estimates to get. Gather witness statements, and details of any other vessels involved.

At Velos, our claims are managed by trained, UK-based claims handlers who are experienced in marine insurance.

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Categories: Accident

What should you do if you get stranded on the water?

Dead batteries, soft grounding, empty fuel tank… Whatever the reason, your boat is dead in the water, or unable to attain a good speed and you need to get back to a safe harbour or mooring for repairs. A breakdown on water is stressful wherever it occurs, and it will certainly be expensive. But insurance coverage can help reduce the impact.

Do I have to pay to get my boat towed?

The cost of getting your boat towed to safety will vary by the distance you need to go and the conditions. You may be lucky and find someone to help you for free – but you may have to pay, and it is decent to give a donation if a voluntary organisation comes to your aid. The price will depend on the time of day (according to the marine breakdown service SeaStart, 80% of pleasure craft breakdowns occur at the weekend or in the evening when recovery may be more expensive).

Many boat owners opt to pay for an annual breakdown and recovery service. That way they can be sure of priority attention and a predictable bill.

How do I call for assistance when my boat is broken down in the water?

In the UK, at sea, if you don’t have a breakdown policy, and you can’t fix your craft, you can put out a pan-pan call on your radio, or contact the coastguard on channel 16. The coastguard will ask another boat in the area to help you. If there is an immediate risk, make a mayday call.

On an inland waterway, in an emergency when lives or property are at risk, call 999. The Canal and River Trust has boat service listings to help you find a nearby boatyard that can help with a tow.

What information should I give the coastguard during a breakdown?

Ideally, you should be able to give an accurate position. This shouldn’t be much of a problem on inland waterways. But at sea it is very difficult to judge distance by eye, and interpretations of ‘just off’ or ‘not far from’ can vary. Make sure your radio is GPS-enabled so you can get your position quickly and easily.

As well as your location, you should also tell them what type of craft you are in, and briefly explain your problem.

Do I have to accept the tow company’s fee?

If you want to get back to a safe harbour from a breakdown at sea, it’s as well to check where whoever comes to your aid is towing you to, and what compensation they want. In some cases it may be enough to agree to buy them a beer, or pay for fuel, but a professional boat breakdown service will send you a bill.

On an inland waterway, it may be possible to shop around, but if you do not take action to move your boat you risk the waterway authority acting on your behalf.

How do I get ready to have my boat towed?

While you wait for your rendezvous with the rescue boat, set up lines and fenders. The skipper may have their own lines and fenders, so don’t deploy yours until you are asked to. Yachts should lower their sails, unless they think they might need to manoeuvre before the tow-boat arrives. The skipper may try to call your phone, or contact you by radio to let you know help is coming. So keep an eye on your communications devices.

How much does it cost to get my boat towed to my home mooring?

Many watercraft breakdown policies will include recovery to the nearest safe mooring or haven. This might not be your home mooring. You will have to pay extra if you want your boat taken to your home mooring, and you may not be able to arrange this immediately.

What should I do once my watercraft has been towed to safety?

Once you are in a safe haven and your craft is protected from further damage, contact your insurance company and find out what the next steps are.

Will my boat insurance cover me if I need towing?

At Velos we tailor our policies to our customer’s specific needs. Contact us today to find out how we can help you with pleasure craft insurance.

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Categories: Boat insurance, News

Practical Boat Owner: British Sailing Team sailor Elliot Willis is cycling 250 miles this September for The Royal Marsden Cancer Charity: ‘Because they got me to this point where I feel I can do it.’

 

The Team GB-selected sailor who was forced to drop out of the Rio 2016 Games line-up after being diagnosed with colorectal cancer is getting back on his bike for charity.

Elliot says: ‘I was diagnosed with colorectal cancer in November 2015. Due to the amazing doctors, nurses and surgeons at the Royal Marsden and the world class treatment I have been and continue to receive, I am starting to live my life again, and feel able to support this amazing trust by doing something that I used to enjoy so much.

‘Let’s see how it goes as I haven’t had the opportunity to do much riding yet. Thank you for your support.”

Last December it was confirmed by the British Sailing Team that following medical tests, 470 Olympic campaigner Elliot had unfortunately been diagnosed with bowel cancer.

Willis, 32, from Sevenoaks was among the first athletes in any sport to be selected to Team GB for the Rio 2016 Games, alongside 2012 silver medallist Luke Patience.

Elliot said at the time: ‘It’s still my dream to win Olympic gold but right now my focus and energy needs to be on getting better.’

Luke went on to regain selection for the Games with crew Chris Grube and achieved fifth place overall after a whirlwind eight month campaign together.

Meanwhile Elliot has been undergoing ‘world class treatment’ and now wishes to undertake the challenge in support of the ‘amazing doctors, nurses and surgeons at the Royal Marsden.’ who have ‘got me to this point where I feel I can do it.’

Elliot added: ‘The Royal Marsden have been amazing and their pioneering work has led to me receiving a newer type of treatment, immunotherapy (Pembrolizumab), for my type of cancer. The approval for this was made possible by BUPA through UK Sport and I cannot thank them enough for their continuous support on multiple levels, and for enabling and allowing me to receive this new treatment. I hope it can help other patients in the future.

‘I’ve have set up a fundraising page to raise money for the Royal Marsden Cancer Charity, so they can continue to do the great work they do, promote early diagnosis, provide the very best treatment and care for cancer patients in the best way they can.’

See article at Practical Boat Owner

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Categories: Fundraising

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