ABYC Allied Marine Insurance Program
Coverage provided for the following types of businesses
- Boatyard
- Shipyard
- Marinas
- Builders
- Component Manufacturers
Coverages
- Combined: Ship Repairers and General Liability
Optional Coverages: - Bailee’s coverage- covers your liability for goods of others while ashore in your care, custody and control
Protection and indemnity- when you are operating customers’ boats for testing or repair
Tools and equipment
Transit
Limits
- Optional Coverages
- Up to $1,000,000 combined single limit
Premiums
Premiums are based on the type of work performed. The program minimum premiums are reasonable.
About ABYC Certification Program:
The American Boat & Yacht Council (ABYC) has been the leader within the marine industry in developing industry-wide certifications for people working in the industry. Currently the certifications ABYC offers are marine electrical, marine corrosion, diesel engines, gasoline engines, standards knowledge, marine systems, AC and refrigeration and composite boat builder. The ABYC is currently developing a new certification that will address issues related to accident investigation, and the development of that certification is being funded by a grant from the US Coast Guard.
The unique thing about the ABYC industry certifications is that they work with a group known as NOCTI (National Occupational Competency Testing Institute) in developing the programs. NOCTI is highly regarded globally and a NOCTI certification is even regarded within the US legal system as a validating credential in matters involving any litigation. Other certifying groups within the marine industry don’t offer that level of credential because they have not bothered to go through the NOCTI rigor in their program development.