How to choose the best policy for your yacht?

Owning a yacht comes with a lot of responsibility and one of the most important aspects is insurance. Choosing the right insurance policy for your yacht can be tricky, but it’s essential to protect your property and ensure your safety on the water. In this article, we will look at the key factors that you should consider when choosing an insurance policy for your yacht.

France, Provence-Alpes-Cote d'Azur, Cannes,
France, Provence-Alpes-Cote d’Azur, Cannes,

Needs assessment

1. Determination of the value of the yacht
First of all, you need to determine the value of your yacht. The amount insured must match the value of the yacht to ensure adequate compensation in the event of damage or loss. Bespoke yacht insurance – the best way to secure your yacht. We recommend taking out insurance, as this will save you money and nerves in the future.

2. Risk analysis
Assess the risks you may face on the water, including weather conditions, theft and loss, and the risks associated with navigating and operating the yacht. This will help you understand what types of insurance coverage you need.

Types of insurance coverage

1. Casco
Casco provides protection against physical damage to your yacht. This includes damage caused by weather, collisions, theft, fires and other incidents.

2. Civil liability
Liability insurance protects you from third party claims in the event of damage to your yacht to other ships, property or people.

3. Protection and identification
This type of insurance covers the cost of legal claims arising from your activities on the yacht, such as disputes about accidents on the water or problems with the crew.

4. Medical and accident insurance
These types of insurance covers provide medical protection and compensation in the event of injury or illness for both the owner of the yacht and crew members while sailing.

5. Travel insurance
Cancellation insurance is designed to compensate for losses associated with trip cancellations or delayed departures due to unforeseen circumstances such as weather conditions, mechanical failures or personal circumstances.

Choosing an insurance company

1. Reputation and experience
Choose an insurance company with a good reputation and experience with yachts. This ensures that they are familiar with the specifics of yacht insurance and will be able to offer you the best terms.

2. Terms of insurance
Compare the insurance terms of different companies to determine which ones offer the most suitable coverage for your needs.

3. Cost of insurance
Compare the cost of insurance policies from different insurance companies to find the best deal. Please note that the lowest price does not always mean the best choice, as it is also important to pay attention to the quality and amount of insurance coverage.

4. Reviews and recommendations
Check reviews and testimonials from other yacht owners to get an idea of how the insurance company works. It can also help you avoid potential problems and sticky situations.


Choosing the right insurance policy for your yacht is a critical aspect of owning a yacht. Considering all the above factors and recommendations, you will be able to make an informed decision and find an insurance policy that will protect your yacht, crew and yourself in the event of risks and unforeseen circumstances on the water.

What is market traders’ insurance?

Market traders insurance is a type of insurance that is intended for individual and corporate market participants involved in trading financial instruments. It provides protection against losses arising from various risks associated with market activity, such as trading risks, legal risks, and counterparty default risks. In this article, we will look at the main aspects of insurance for market traders and its benefits.


Main types of insurance for market traders

1. Professional liability insurance
Professional liability insurance protects traders from client claims arising from errors or omissions in the provision of services or advice. This type of insurance covers the costs of defending against claims, as well as any possible indemnifications that may be awarded as a result of legal proceedings.

2. Liability insurance
Liability insurance protects traders from claims related to damage caused to third parties as a result of their activities. It covers financial liability to victims and compensates for the costs of defense against claims, as well as compensation for damages. For more info about providers of insurance for market traders, you can visit our website.

3. Insurance against non-fulfillment of obligations by counterparties
This type of insurance covers losses arising from the default of counterparties in financial transactions such as options, futures and swaps. It provides compensation for losses related to non-payment, default or incorrect execution of transactions.

Market Trader Insurance Benefits

  1. Financial Loss Protection: Market traders insurance protects against potential losses arising from the risks associated with trading and other market transactions. This allows traders to focus on their activities without fear of significant losses.
  2. Building customer confidence: Having insurance in a trader can build customer confidence in their services, as insurance is a sign of professionalism and accountability to clients.
  3. Reduced legal risk: Market trader insurance reduces the risk of costly litigation, as insurance companies typically provide legal support and advice should issues arise.
  4. Flexibility and adaptability: insurance companies offer a variety of insurance packages for traders, tailoring them to the specific needs and risks that a trader faces.
  5. Force Majeure Support: Market traders’ insurance can cover losses caused by force majeure events such as floods, earthquakes or other natural disasters, reducing the risk of unexpected losses.


Market traders’ insurance is an important tool to protect against various risks that arise in the process of trading financial instruments. It allows traders to focus on their activities without fear of financial loss and builds customer confidence. Choosing the right insurance package can be individual for each trader, but its availability should definitely be considered as one of the key elements of successful market activity.