ONLYYACHT / PRODUCTS
ONLYYACHT sources the most attractive products in a highly competitive market, tailoring our contracts to the client’s specific needs. We deliver tailor made insurance solutions with ‘A’ rated Lloyds security.
SUPERYACHT HULL & MACHINERY, LOSS OR DAMAGE
Cover against all risks of physical loss to the yacht, including hull, machinery, equipment, furniture, fittings, tender, toys, fine art and personal effects of owners, guests and crew are covered.
LIABILITY / PROTECTION & INDEMNITY
All risks including damage caused by accident, crew negligence, latent defect, improper construction, faulty design, mechanical breakdown.
Protection can be extended to include managers, operators, officers and crew in charge of the superyacht.
Mainly but not limited to collision, pollution, employer’s liabilities, including Personal Watercraft and
CREW & GUEST WELFARE
ONLYYACHT’s crew insurance provides MLC compliant medical and personal accident coverage to
suit the requirements of today’s superyacht owners, their crew and their guests, utilising “A” rated
Lloyd’s Security and unrivalled attention to detail. Coverage includes:
- • Medical expenses following both an accident or illness.
- • Capital sum or multiple of salary death benefits.
- • Permanent and temporary total disability benefits.
- • Global repatriation supported by “tried and tested” specialist assistance companies.
- • 24-hour assistance/whether on duty or shore leave.
- • Daily benefits in case of accident or illness.
- • Personal luggage and passport allowances.
- • Salary protection.
- • Routine medical, dental and optical expenses.
- • Maternity costs.
- • Hospice and palliative care.
- • Sports activities cover such as water sports, skiing, motorcycling etc.
CLAIM CONSULTANCY AND SERVICES
Our in-house team of average adjusters will act swiftly to obtain a fair and prompt settlement for any claim.
BUILDER RISKS BY ONLYYARD
Cover shipyards/owners against risk of physical damage to the superyacht under construction.
Product liability, performance bonds and post-delivery guarantees can also be considered.
Cover bank/financial institution for outstanding loans and interest, if the claim itself is collectible under the hull or P&I policy, but not paid – due to breach of cover, breach of warranty or owner’s non-disclosure of facts.
HELICOPTER/AVIATION BY ONLYJET
Cover damage to hull, liability to third parties, bodily injury to crew and passengers.
YACHTING INTERMEDIARY PROFESSIONAL INDEMNITY
Cover for claims brought against Marine Intermediaries for losses suffered by their customers as a result of negligence or error and omission. Designed to cover yacht broker, managers, agents, architects, surveyors, consultants.