Comprehensive Marina Insurance
A Marina Insurance Programme truly aligned to your personal and business goals:
- Genuinely Tailored Marina Insurance
- Easy to Understand Policy Wording
- Competitive Pricing With No Tie-Ins
- Security of a Leading Global Marine Insurer
- Right Policy for the Right Requirements
- Full Insurance, Risks & Claims Management for Your Business
- Flexible Payment Options
- Simple Process of Moving Your Insurance to IRCM
- Full Independent Broking Service Available
- Bonus-Building Introducer Facility
- Supplementary Programme Options Include:
⦁ Cyber Liability & Cyber Crime Insurance
⦁ Specialist Marine Trades Legal Expenses
⦁ Liability & Property Excess Protection
⦁ Directors & Officers Management Liability Insurance
⦁ Professional Indemnity
For a Marina Insurance Programme truly aligned to your personal and business goals read on or telephone Mark Elcocks on 01902 796 793
Bowline® – Genuinely Tailored Marina Insurance
A lot of Marina Insurance providers will tell you they provide “bespoke” or “tailored” cover. However, in many cases what they are offering is an off-the-shelf package with the only tailoring being fitting sums to be insured to the appropriate policy section.
At IRCM we believe a policy wording is only he starting point for the basis of your cover and our exclusive Bowline Marine Trades Insurance programmes offer marina operators a genuinely tailored insurance solution. Where other insurers might impose a raft of cover exclusions on you we will look to assist you in accessing a wider scope of cover if you want it. For example we have provided marina operators with bespoke endorsements easing policy conditions on storm damage to pontoons and other marina installations. We have also been able to ease the 3-year electrical inspection interval required by insurers to 5 years.
One benefit of our flexible approach to your insurance programme is being able to tailor your cover to non-standard periods. Businesses have found this flexibility useful in being able to align their renewal dates to a time of the year that suits them best. We can offer you policy periods of up to 2 years.
Straightforward, Easy to Understand Policy Wording
The Bowline® Marine Trades Combined Insurance Policy wordings are easy to understand documents supported by a straightforward schedule with your cover details clearly highlighted.
There are no conditions restricting you to working on or handling vessels of a particular size or value which means you are free to develop and run your business without having to refer to your insurers if you need to accommodate a particularly large and/or valuable craft.
Similarly, there is no ambiguity over the level of indemnity provided under your Public and Yachtyard Liability Insurance. If the schedule says £5,000,000 then that’s the level of cover you have; there are no hidden inner limits related to the value of vessels you handle or work on.
Competitive Pricing and No Tie-Ins
You benefit from competitive pricing with Bowline® Marine Trades Insurance. Not only that, you get the added bonus of accessing some great as a rolling 10% discount if you hold a Gold Anchor Award or a valid QAB Certificate and 5% low claims Continuity Bonus when you renew discount – and we do not tie you into Long Term Undertakings.
Security of a Global Marine Insurer
The Bowline® Marine Trades Combined Insurance policies are underwritten by leading Global Marine Insurers.
Wider Bespoke Programmes
Insurance is becoming a more and more dynamic industry as insurers and managing agents seek to differentiate themselves from their competitors. This means new and innovative products are coming to market that offer greater protection at very competitive premiums.
What this means is that it is often possible to move certain parts of your insurance programme out of your combined policy onto specialist stand-alone cover. For example you can often find good savings as well as more robust cover for your computers and mobile devices with a specialist computer policy. Similarly, a dedicated stock throughput and cargo policy can significantly reduce the premiums you pay for your Stock and Goods In Transit Insurance on your combined policy.
Where appropriate we will recommend you invest in additional covers that protect your bottom line and guard against 21st Century perils. Some providers do not even discuss or provide protection for your Management Liability or cover in respect of Environmental Impairment or Cyber Risks; a low-cost Excess Protection policy can significantly help you protect your bottom line.
Insurance, Risk & Claims Management (IRCM)
We do exactly what our name suggests: We manage your Risk, your Insurance and your Claims. If you need to make a claim you will have the support of our in-house claims team who will liaise with insurers and loss adjusters on your behalf during the course of managing your claim. We offer a full face-to-face consultancy to ensure we fully understand your business which means you benefit from receiving appropriate advice that genuinely meets your requirements.
Premium Finance Options with Interest Rates from only 6%
As an IRCM client you can benefit from a number of payment options including the ability to spread payment for your cover over 10 months with premium finance plans that have interest rates starting from only 6%.
It’s Easy to Move Your Marina Insurance to IRCM
We have streamlined our processes which means moving to IRCM is easy. There are no long forms for you to complete and we offer a fast quotation service that means you can often have cover in place and your documents with you in a couple of hours.
Full Independent Broking Service Available
If your Marina’s insurance requirements are not best met by Bowline® Marine Trades Combined Insurance Policy we are able to access wider market facilities to ensure we find the most appropriate solution for your requirements.
For a Marina Insurance Programme truly aligned to your personal & business goals telephone Mark Elcocks on 01902 796 793 or email firstname.lastname@example.org
Bonus-Builder Introducer Facility
Because IRCM has extensive access to Yacht & Boat Insurance Markets we are able to offer our commercial clients an insurance introducer facility that provides a regular additional income stream to their businesses.
By introducing your customers to IRCM, you benefit from a generous commission rate that is paid at inception of a policy and at each subsequent renewal. Further benefits include:
- “Client Ownership” that enables you to receive commission when their customers upgrade their boats, even if the purchase was from an alternative source to the Introducer.
- Customers are not tied to anyone insurer, so IRCM can continue to meet the customer’s changed needs – and you still retain your commission.
Some IRCM Introducers have developed their facility to the extent that their own annual Commercial Insurance premiums are easily covered by their Bonus-Builder Introducer Commission.