Industrial Special Risks Insurance

Protecting Your Critical Marine Assets

Industrial Special Risks (ISR) Insurance provides marine businesses with comprehensive protection for high-value assets, specialised equipment, and essential operations.

Ideal for marinas, boat repair workshops, vessel hire operators, offshore contractors, and other marine service providers, this policy safeguards the most critical assets against the hazards commonly faced in the marine industry.

What is Industrial Special Risks Insurance?

Industrial Special Risks (ISR) Insurance is designed for businesses with high-value assets and specialised operations. Industrial Special Risks (ISR) insurance is commonly taken out for higher-value assets where standard business or marine insurance might not fully cover accidental loss or damage. It allows you to combine multiple types of cover into a single policy tailored to your industry, size, and risk profile.

This approach reduces gaps in coverage and simplifies administration, making it particularly relevant for marine businesses with significant equipment, vessels, or infrastructure.

A typical ISR Insurance policy can provide cover for:

  • Property Protection:
    Safeguards workshops, marinas, offices, vessels, or storage facilities against fire, storm, theft, or accidental damage.
  • Equipment and Machinery Coverage:
    Protects specialised marine tools, machinery, vessels, and equipment from loss, damage, or theft.
  • Business Interruption:
    Covers loss of income resulting from insured events that disrupt operations, including property damage or equipment breakdown.
  • Third-Party Liability (Optional Add-Ons):
    Provides protection against claims for property damage or injury arising from your insured operations.

Who is this type of insurance suitable for?

Marina Operators | Slipway & Lift Operators | Vessel Hire & Charter Companies | Commercial Fishing Operators | Marine Engineers & Naval Architects

Benefits for Marine Businesses

  • Comprehensive Protection:
    A single ISR policy responds to multiple core risks, providing protection for high-value assets and specialised operations while reducing the need for separate insurance arrangements.
  • Tailored for High-Value Marine Operations:
    Designed to cover the physical risks and equipment exposures specific to marine businesses, including marinas, repair workshops, vessel hire operators, and offshore contractors.
  • Cost-Efficient Coverage:
    Bundling key protections into one policy can deliver cost efficiencies compared to purchasing multiple standalone policies.
  • Peace of Mind:
    Clear and comprehensive coverage allows marine business owners to focus on day-to-day operations, confident their assets and liabilities are protected.
  • Support During Claims:
    Ongoing broker support helps guide you through the claims process and minimise disruption to your business when incidents occur.

Speak to a Coverforce Marine specialist today.

Our experienced brokers work closely with marine businesses to assess operational risks and structure ISR insurance programs aligned to your vessels, activities, and commercial objectives.

For more information or to arrange cover, please contact us or simply fill out the quote form below and a broker will reach out within one business day to discuss your requirements.

Request a Quote

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