Boat Insurance News - Marine Insurance IRCM

Secure Your Yacht & Boat Insurance Premium for 2025

Why Lock-In Your Insurance Premiums Now? The marine insurance market is subject to fluctuations, and future premium rates can be unpredictable. By locking in your

Quality Accredited Boatyards to Receive Insurance Boost

(Insurance premium discount announced for QAB holders) Specialist Marine Trades & Boat Insurance providers IRCM have given the UK Inland Boating Sector a boost by

Recommended Cover: Commercial Legal Expenses

Commercial Legal Expenses Insurance is a low-cost cover that can help protect your bottom line in the event of legal disputes affecting your business that

Recommended Cover – Management Liability

Think limited company means limited liability? Think again: as a company director you are personally responsible for your decisions and actions in that capacity. This

Recommended Cover – Cyber Crime & Liability

The Government’s 2021 Cyber Security Breach Survey shows that 39% of UK businessesexperienced a cyber security breach or attack during the previous year. Some companies

Recommended Cover – Pollution & Environmental Risks

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Grand-Daughter of Classic Boatbuilder Joins Specialist Marine Broker IRCM

The grand-daughter of Monty O’Leary, Master ‘Naomhóg’ (Currach) Builder, has joined Marine Insurance broker, Insurance Risk & Claims Management (IRCM). Rebecca O’Leary joins the Marine

Specialist Marine Broker Announces RIB Insurance Premium Freeze

Specialist Marine Insurance broker Insurance Risk & Claims Management (IRCM) have announced a freezing of their exclusive RIB Insurance rates for a second straight year

Insurance for RIBs & Other High-Performance Boats

The 2021 international boat show season has come to an end and, whilst the market for both new and used RIBs, Ski-Boats and other high-performance

5 Reasons Why You Need to Talk to IRCM About Your Shipwrights Insurance

Question: When is a £5,000,000 (or £10,000,000 for that matter) limit of Public Liability Insurance worth only £1,000,000? Answer: When your insurance provider applies restrictive

Classic Yacht & Boat Insurance

With over 20 years’ experience of delivering insurance protection to owners of classic yachts and boats, specialist marine insurance brokers Insurance Risk & Claims Management

Independent Yacht Insurance Specialist Is Open for Business

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#summeronthewater Bonus Boost for First-Time Boat Buyers

Independent Boat Insurance specialists IRCM are supporting British Marine’s #summeronthewater campaign with a timely boost for first-time buyers of yachts and pleasurecraft. British Marine (BM),

Future-Proof Your Yacht Insurance Premium for 2020 Before the 2019 Southampton Boat Show Closes

Double-Digit Yacht Insurance Premium Increases Set to Continue Yacht Insurance rates are continuing to rise and there is no sign of an end to the

3 Reasons Why You Should Talk to IRCM About Your Yacht Insurance This Summer

As we have previously reported, on the site and elsewhere, the turmoil in the Yacht Insurance Market continues. In a season of rising premiums, contracting

New 24-Month Marina Insurance Cover Option

Did You Get Something Extra in Your Yacht Insurance Renewal?

Insurers Continue to Post Huge Yacht Insurance Losses It’s no secret that the yacht market at Lloyds has posted enormous losses over the last couple

Classic Yacht Insurance Awareness Campaign Launches

Classic Yacht Insurance Specialists Insurance Risk & Claims Management (IRCM) have launched a new campaign to create greater awareness about the uniqueness of insurance programmes

Insurance Scheme for Small Marine Clubs Re-launched

Marine Insurance Rewards for Certified Boat Lift Training

Marina operators can benefit from having their Marina Insurance premiums reduced by 15% if they invest in boat lift training for their marina staff. Specialist

Independent Marine Insurance Broker Takes Action

With one well-known Lloyds service company severing their long-term ties to insurance brokers, independent specialists and leading insurance provider to the Marine Leisure Sector IRCM

Local Broker brings “National Broker” clout to Marine Trades Insurance Sector

Marine Insurance specialists Insurance Risk & Claims Management Ltd (IRCM) are leveraging the power of their parent group to deliver enhanced insurance portfolios to the

New Insurance Assistance for Wheelyboat Operators

Marine Insurance specialists IRCM are offering support to Wheelyboat operators who are looking for insurance advice and cover in respect of their vessels and wider

Rowing Clubs Express Concern Over Insurance premium Hike

Rowing clubs are expressing concern over an apparent price hike of their annual club insurance covers with one club highlighting an increase of 17% (before

Fast, No-Nonsense Marine Trade Insurance

UK Marine Trades Insurance specialists Insurance Risk & Claims Management (IRCM) are providing Marine Traders with a fast offline quotation service that means Marine businesses

Insurance for Maritime Charities, Trusts & Community Groups

The uniqueness of many maritime charities, trusts and community groups often means traditional off-the-peg charity insurance policies do not fit quite as well as they

Marine Engineers Insurance -Support for Start-Ups

Cash flow is often an issue for new ventures so it should come as a welcome relief for new Marine Traders looking for insurance that

Buying Your RIB and Buying Your RIB Insurance (Part 2)

In Part 2 of our guide for enthusiasts new to RIBs and RIB Insurance we look at additional property cover, your third party liability and

Marine Traders Targeted in Health & Safety Crackdown

Marine traders appear to be under closer scrutiny by the Health & Safety Executive (HSE). A recent series of client visits by IRCM has revealed

Buying Your RIB & Buying Your RIB Insurance (Part 1)

Thinking of buying a Rigid Inflatable Boat (RIB)? Well assuming it’s for private and pleasure (P&P) use (commercial RIBs will be dealt with in a separate

What’s the difference between a Barge & a Narrowboat?

“Does it really matter?” you might be asking yourself but there are important distinctions that, will not only irritate narrowboat owners and canal buffs if

Marine Trades Insurance – Medical Assessments for Commercial Divers

Marine Contractors: New Edition of MA1 Available The HSE has updated its guidelines concerning medical examination and assessment for commercial divers by its Approved Medical

Marine Trade Insurance – Electrical Regulations

The recent fines of 2 companies following the fatal electrocution of an employee has highlighted the cost of failing to comply with electrical regulations. As

10% Discount on Sailing Club Insurance – FAQs

Is this a one-off discount? Absolutely not. We will continue to offer you a 10% discount at each renewal subject to the Club remaining within

Sailing Clubs Insurance – 10% Premium Discount for Affiliated Clubs

As a specialist Maritime and Marine Club Insurance broker, we appreciate RYA membership benchmarks an affiliated sailing club’s professionalism and expertise. Adherence to the Association’s safety

Insurance for Self-Employed Marina Operators & Harbour Masters

Self-employed marina operators and harbour masters who need to source their own insurance protection can access great cover at competitive rates direct from IRCM. The

Marine Trades Insurance – Shipwrights Liability: Great Rates with Cover to Match

IRCM are offering great rates for Shipwrights looking for Liability Insurance. Great rates with cover options that include Lloyds of London security and one of

10% Discount on Marina Insurance – FAQs

IRCM are offering a 10% discount off their standard Bowline Marine Trades Insurance programme to members of The Yacht Harbour Association with no Tie-Ins! Here’s some

10% Marine Trade Insurance Premium Discount for TYHA Members

Members of The Yacht Harbour Association (TYHA) can benefit from a 10% discount on IRCM’s already competitive Bowline Marine Trades Insurance contract. Membership of TYHA

Boat Insurance – Passage Planning

Statistics show a year-on-year increase in the number of small craft casualties since 2011. The overwhelming contributory factor in these claims is operator error. In

Boat Insurance – Small Craft Fire Safety

Statistics reveal a year-on-year increase in the number of small craft casualties in the last 4 years with a significant proportion arising from fire. Some

9 Reasons Why You Should Talk to IRCM About Your Marine Trades Insurance This July

1. Unlike some insurance providers who won’t visit you if you aren’t paying them over £5,000 a year we offer face-to-face consultancy to our smaller

5 Reasons Why Your Sailing Club Insurance May Be Leaving You Personally Exposed

Many sailing clubs are registered charities or not-for-profit organisations. Despite this, the club, its officers, trustees and members can still be held legally liable when

Broker Moves Quickly to Assist UK Sailing Clubs

Specialist Marine Insurance Broker Insurance Risk & Claims Management (IRCM) have moved quickly to assist UK Sailing clubs in the wake of an announcement by

New Sailing Club Insurance Requirements

The Royal Yachting Association (RYA) recently announced it’s recognised training centres (RTC’s) would require enhanced insurance cover – an increase in Public Liability (PL) insurance

Marine Trades Insurance Confusion Costing Superyacht Contractors

Superyacht contractors, ship repairers, as well as sub-contractors in both sub-sectors, are losing earning opportunities as well as being forced to pay unnecessary costs due

Sailing Club Insurance Premium Boost

IRCM has announced it ‘s starting premium for Sailing Club Insurance on it’s exclusive Bowline Marine Trades policy will be only £358 for an indemnity

£499 Marine Trades Liability & Tools Cover for Superyacht & Commercial Vessel Contractors

Marine Trades Insurance specialists IRCM have announced a new product bundle for businesses working in the UK’s buoyant Superyacht Sector. The comprehensive package includes Property

Rowing Club Insurance – Members’ Boats Bonus

Rowing Club Insurance specialists IRCM have enhanced their Rowing Club Insurance offering by enabling clubs to include members’ boats on the club insurance programme. The

RYA Announce Changes to Sailing Club Insurance Requirements

The Royal Yachting Association (RYA) has announced revised insurance requirements for its Recognised Training Centres (RTCs). The changes include raising the minimum indemnity level of Public Liability

New Insurance Options for Superyacht Contractors

The continued growth of the UK Superyacht Industry is one of the country’s manufacturing successes and has opened up many new opportunities for small businesses

Marine Trades Opting for Management Protection

More marine traders are opting to protect their businesses and personal assets by investing in Management Protection. A Sector that has seen a relatively low

Rowing Clubs Warned of Gaps in Cover

IRCM has often highlighted how small variations in insurance policy wordings can have a big impact on policy holders in the event of a claim.

Enhanced Insurance Options for Sailing Clubs

IRCM Welcomes New Sailing Club Insurance Capacity Marine Traders aren’t the only benefactors of the increase in Marine Sector insurers in recent months. Sailing clubs

It’s The Best Time Ever For Marine Traders (To Buy Marine Trade Insurance)

Marine traders have never had it so good when it comes to investing in their Marine Trades Insurance programmes. That’s the view of Mark Elcocks

Marine Insurance Broker Supporting Whizz-Kidz Registered Charity

UK Marine Trade Insurance specialists Insurance Risk & Claims Management (IRCM) have announced support for Whizz-Kidz, the disabled children’s charity. IRCM’s Specialist Risks Executive Mark

Cutting Costs, Increasing Cover in 2015

How would you rate the value you get from your Marine Trades Insurance programme? 10 out of 10? … 8 out of 10?… 6 out

Cyber Threat Warning for Marine Sector

The constant evolution of technology systems &/or processes along with the ever-changing political landscape leading to consequential legislation continues to expose businesses, their profit as

Pollution Liability Threat to Marinas

Marine based businesses are being advised to review their insurance cover in the light of current and on-going legislation relating to incidents of pollution of

Hire Fleets Insurance Excess Relief

Inland hire fleet operators can now protect their bottom line with a low-cost Excess Protection option from Marine Trades Insurance specialists Insurance Risk & Claims

New Dinghy Insurance Scheme for RS Aero Owners

RS Sailing’s new RS Aero has received the backing of the Marine Insurance market with the launch of a specialist scheme for owners of the

Marine Traders Advised to Check Insurance Schedules

Is your £5,000,000 Public & Yachtyard Liability Limit in reality only a £40,000 Limit? Marine Traders are being advised to check their Marine Trades

6 Tips to Keep Your Marine Trades Insurance Valid

Buying insurance at a distance, as many small businesses do these days, means you may not always get the advice and guidance you need to

Marine Traders Advised To Prepare For More Floods

As insurers continue totting up the costs of the winter floods that affected UK businesses in general and Marine Traders in particular they are already

Marine Traders Still Feeling After-Effects of Floods

Marine Traders are used to managing flood risk yet the sheer scale of the storms and floods that swept the UK last winter simply overwhelmed

New Wharfingers’ Liability Insurance Facility

A new Liability product bundle for Wharfingers has been announced by specialist Marine Insurance brokers IRCM. In addition to insuring their legal liability, the product

IRCM Announce New Marine Clubs Liability Covers

Marine Insurance specialists IRCM have announced the launch of new liability covers for marine-based clubs. Not only do the extensions provide vital cover that clubs,

IRCM Launch New Rowing Club Covers

Rowing Club Insurance specialists IRCM have announced the launch of new liability covers for their rowing club clients. Not only do the extensions provide vital cover

IRCM Announce New Product Bundle for Marine Traders

UK Marine Insurance specialists IRCM have launched a new product bundle aimed at Marine businesses. In addition to specialist marine trades protection that includes

New No Claims Rebate for Marine Trades Announced

Specialist Marine Trade Insurance Broker IRCM has launched a No Claims Bonus rebate for their Bowline Marine Trade customers. Qualifying businesses will receive a 5%

Storage of Marine Flares & other Pyrotechnics

The question of how you should store marine flares can invite some excessive storage requirements from your insurers – demands for metal cabinets along with

Broker support helps resolve “latent defect” issue

An IRCM customer had commissioned a surveyor to inspect his vessel pre-sale. During the survey a cracked ballast plate was spotted and the surveyor immediately

Marine Trades Public & Yachtyard Liability Insurance

With Indemnity Limit requirements rising IRCM are continuing to help Marine Sole-Traders get the cover they need at affordable rates An increasing number of marinas

Excess of Loss Insurance for Marine Trades

“Indemnity Creep” is showing no signs of letting up and an increasing number of marinas, local authorities and other public entities are insisting small businesses

New: Marine Equipment Insurance from only £265

Marine Surveyors, Marine Engineers as well as off-shore contractors and other marine professionals can now access specialist marine equipment cover through IRCM. Individuals and businesses

New Year Commission Bonus for Brokers

IRCM are marking the 1st anniversary of the launch of their wholesale Marine Trade facility by increaseing commission rates to our broker community. So whether

Accomplish More Survives Blaze

Accomplish More suffered smoke damage but otherwise emerged unscathed from a fire at Mickelwrights Structures Ltd in Dudley where it is being built. For full details

Outboard Engine Thefts – Police Warning

Insurance Risk & Claims Management issued a warning about a steady increase in outboard engine thefts. Countrywide both small and large outboard engine theft is

Queens Diamond Jubilee Thames Pagent

Insurance Risk & Claims Management Limited, one of the UK’s leading classic boat insurance specialists, is delighted to be associated with the MTB102 Trust. The

Cerion Energy Chosen to Supply Fuel Additive

World recoerd adventurer Alan Priddy has chosen to use Cerion Energy’s DAME Award-winning diesel fuel additive on board Accomplish More for the Company 85 Global

Public & Yachtyard Liability Insurance from only £291.15

Marine business owners have received a boost with the launch of a new Public Liability and Yachtyard Liability Insurance scheme by Marine Insurance specialists IRCM.

Accompish More in Thames Pageant

The public will have the opportunity of seeing the revolutionary vessel Accomplish More in the Thames Pageant this summer. For further details and all the

British Circumnavigation Team Set To “Accomplish More”

Company 85 has been unveiled as the new title sponsor for the Alan Priddy-led Global Circumnavigation World Record attempt. The announcement was made to an

New World Record Circumnavigation Attempt Newsletter

The Goodheart team continue to prepare for their circumnavigation World record attempt as work on the revolutionary vessel continues. Download the latest Goodheart newsletter from

Marine Businesses Benefitting from Lower Insurance Costs

You will have seen in our previous news post that IRCM recently launched a brand new Marine Trade Insurance policy. The AA Rated protection provided by Allianz means

IRCM Launch New Marine Trades Insurance Scheme

Specialist Marine Insurance broker IRCM have announced the launch of a brand new insurance facility for the Marine Sector. The new Marine Traders’ Combined policy

Insurance For High-Performance Craft

If you or your customers are having difficulty in insuring high performance boats with normal Insurance providers you should be considering the services of a

Circumnavigation Attempt Takes Major Step Forward

Just 3 months into the build of his revolutionary vessel, Alan Priddy’s build team are to turn the 80′ hull today and start internal fit-out.

Employment Tribunal More Likely than Premises Fire

In 2010 there were over 28,000 reported fires at commercial premises. Would you seriously consider not insuring your business against fire? In the same period

Global Circumnavigation World Record Attempt Starts Here

Back in the day, the ceremony was about laying the keel. In the 21st century it’s about collecting the aluminium! However, the moment is no

Marine Business Owners’ Assets Remain Unprotected

A survey has revealed that an overwhelming majority of Marine Industry directors remain exposed to losing their personal assets in the event of legal action

Tractors & Special Types Insurance from only £25

Are your yard’s tractors and mobile machinery and plant properly insured? Why risk potentially catastrophic loss to yourself & your business as well as heavy fines

Record Marine Trade Compensation Award

A £7.2 MILLION award for compensation has been made by the High Court to a Marine Trades employee who sustained a life-threatening brain injury. The

River Thames Boat Registration Requirements 2011

The Environment Agency’s requirements for River Thames boat registration, in respect of powered boats, include a mandatory requirement of Third Party Liability Insurance, with a minimum

Channelglaze launch new fitting service

Channelglaze Ltd have been a leading manufacturer of aluminium windows for Canal Boats, Dutch Barges and other vessels since 1978. The Birmingham-based company are leading innovators in this

Sealine Move to IRCM

US Leisure Industry giant, The Brunswick Corporation, has appointed IRCM to manage the insurance programme of its luxury motorboat manufacturer, Sealine. The Kidderminster-based manufacturer of

R J Richardson Wins Boating Business Award

Each year the Marine Trades Association (MTA) and Boating Business get together to present industry awards and for 2010 the Boating Business Lifetime Achievement Award

Boat Valeting from Boats2Gleam

Boats2Gleam is a specialist boat valeting company operting in London, the Thames Valley and South Coast areas and recently became a client of IRCM. Their Boatcare Service

Fletcher Boat Insurance Scheme

IRCM have announced the launch of a dedicated insurance scheme for Fletcher Boat owners. IRCM Director Pat Ward, who used to be the UK’s largest Fletcher

Cutting Costs Not Cover

Marine businesses continue to benefit by moving their commercial insurance programmes to IRCM with savings over the last 18 months averaging 31%. IRCM are committed to

New Insurance Scheme for WinTechs

IRCM have launched a new Pan-European insurance program for WinTech Racing Boats in association with distributors Oarsport. WinTech provide a 7-year guarantee as well as

Marine Insurance Specialists win Industry Award

Insurance Risk & Claims Management is delighted to announce that it has been awarded the title of “Commercial Lines Broker of the Year” in the