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Marine Product Manufacturer Insurance

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Marine products can mean a whole host of products ranging from composites and component parts to entire marine vessels, tools and supplies for ship manufacturing and repairs and even accessories like boat bedding and speakers. Regardless of your role as a marine product manufacturer, there are risks that need to be mitigated that are specific to your manufacturing operations. Just as you specialize in specific marine products, we specialize in commercial insurance that keeps Canadians businesses protected. 

Marine Product Manufacturer Insurance – Liability Coverages

Marine Product Manufacturer Insurance
Looking for Marine Product Manufacturer Insurance in Canada? Contact us HERE to get an online quote now!

We offer a full selection of coverages and limits to protect your marine product manufacturing operations including: 

Commercial General Liability Insurance 

  • Protection includes lawsuits alleging personal injury, property damage, false advertising and libel or slander.

Product Liability Insurance 

  • Additional coverage for protection in case of consumer injuries from the products, sold, manufactured and/or distributed.

Directors & Officers (D&O) / Board Insurance

  • Indemnifies your board members and/or organization for lawsuits alleging wrongful acts by directors or officers for things like breach of duty etc.

Employment Practices Liability (EPL) Insurance

  • Protection from wrongful dismissal, discrimination and other employment-related liability. 

Pollution Liability Insurance 

  • Coverage for cleanups and litigation costs.

Cyber Liability & Privacy Insurance 

  • Coverage for notification costs, data repair and recovery and cyber liability.

In case of claims involving legal liability, what does the boat manufacturer insurance policy cover?

  • Lawyer’s fees and defence costs
  • Out-of-court settlements
  • Awards for damages

Keep in mind that your marine product manufacturing business can be served with frivolous lawsuits that could cause significant damage to your bottom line without the right liability coverage. 

What does the Marine Product Manufacturer Insurance cover in regards to Property?

Our marine product manufacturer insurance plans can also cover your assets and products in inventory and in transit.

Property Insurance 

  • Protection for building and contents including product in inventory from perils such as fires, floods, windstorm damage, vandalism and more.

What does business interruption insurance cover for marine product manufacturers?

It covers your operating expenses in case of peril.

You may also need to add:

Extra Expense Insurance – for the costs of setting up a temporary manufacturing location following a peril.

Boiler & Machinery Insurance / Equipment Breakdown Insurance

  • Can cover product losses due to mechanical failure resulting from specific perils such as electrical arcing and others.

Product Recall Insurance 

  • Coverage for the costs of a recall including disposal fees, profit loss and replacement costs.

Accounts Receivable Insurance 

  • For accounts that have gone into arrears.

Cargo Insurance

  • Provides door-to-door coverage that protects your products in transit.

Commercial Auto Insurance / Commercial Vehicle Insurance

  • Fleet and single coverage for delivery vehicles and other vehicles used during business operations.

Crime Insurance / Fidelity Insurance 

  • Protection in case of employee theft or fraud. 

At ALIGNED, Commercial Insurance Is All We Do.

When you choose ALIGNED, you get a commercial insurance specialist advocating for your manufacturing plant or yard to get you comprehensive marine product manufacturer insurance at affordable rates. We work with Canada’s top insurance companies to ensure reliable protection when you need it the most. Contact an ALIGNED advocate to get a free quote on marine product manufacturer insurance in minutes or get started right away by using our free online tool.

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