6 July 2026

Insurance considerations for Boat Brokers

Bald man wearing a neon yellow safety vest and teal shirt smiles with arms crossed in an outdoor industrial setting.
By Malcolm Stewart Head of HKJ Commercial
Illustration of several sailboats and motorboats docked at a marina with

Practical protection for the risks that come with buying and selling boats

As a boat broker, your role is vital in keeping the leisure marine industry moving. From helping first-time buyers take ownership of their boat, to supporting experienced owners in upgrading to their next vessel, or assisting those making the transition to life on the water, it’s a role that brings real reward. But while the work is largely positive, risks are always always lurking and having the right marine trade cover in place is non-negotiable.

Employers’ liability insurance is a legal requirement, protecting against a range of employee and, where applicable, subcontractor claims. Combined with public liability insurance to cover incidents such as slips and trips, the majority of people-related risks to your business are addressed.

It’s also important to consider the physical assets involved in your operation. Your stock of boats is likely to represent a significant value, and any loss could have a major impact on your business. Ensuring vessels are covered while moored, stored ashore, or being demonstrated or trialled is key. Contents cover protects the assets in your office, from computers and printers through to furniture and fittings. If you own your premises, buildings cover is essential to meet potential rebuild costs.

Business interruption insurance provides an additional layer of protection, helping maintain continuity if your main premises are damaged or unusable. These covers can often be combined within a single policy, simplifying both purchase and ongoing management.

Additional options worth considering include professional indemnity insurance, which can protect your business in the event of a dispute following the sale of a vessel, particularly where advice or recommendations have been given. Management liability insurance is also valuable, offering protection for directors and company officers against legal action, including employment disputes and other claims, as well as support for tax investigations.

With the right protection in place, you can focus on supporting your clients and securing your next sale, knowing your business is safeguarded if things don’t go to plan.

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