New local Marine Skipper cover launched
New local Marine Skipper cover launched
14 July 2022
New cover provider Marine Skippers Insurance has this week launched within Australia.
Company Founders and MDs Nicholas Bedggood & Dean Bowen tell insuranceNEWS.com.au the product is the first and only standalone policy available in Australia for commercially qualified and delivery skippers.
The new policy provides a $5 million limit, covering the skipper vessel to vessel for craft they operate but do not own.
“The threat of litigation is a concern for skippers, yet a stand-alone product – which is available in Europe and the US – has not been available in Australia until now,” Mr Bedggood said, adding he has been continually asked about standalone liability insurance for marine skippers for years and had a goal to create a solution.
“Having grown up on boats all of my life – and considering myself a marine insurance specialist after working within the boating industry for many years – I am extremely proud of this achievement,” he said.
Mr Bowen says the stand-alone coverage has never existed within Australia and the team are “extremely proud” of the new product.
“There is a clear demand and need,” Sydney-based Mr Bowen said. “Nicholas and I have combined our different skills sets and worked together over the past 18 months to source capacity. I am very excited for what is to come with Marine Skippers Insurance.”
