Crime Coverage and Yacht Builders Insurance Wholesalers

Insurance brokers understand that economic pressures can affect many different industries, and among them are their clients in the boat and yacht building industries. Trusted employees having a difficult time keeping up with bills and other personal expenses may become prone to committing dishonest acts including stealing from their employers. Employees caught in the act will often explain away their actions for what they feel are many sufficient reasons, including not having the resources or income to support their lifestyles.

Crime coverage, available through yacht builders insurance wholesalers, can often cost as little as $300 for up to $100,000 in coverage, this of course depending on the size and type of business activity, along with other underwriting considerations. While employee theft often involves having access to cash, they may also resort to stealing various items they have access to.

In the yachting industry there are many other items of value that may be stolen, including office machines, vault securities, warehouse merchandise, tools and other items in the inventory of the business they work for. Losses involving equipment, supplies, or merchandise can add up to thousands of dollars or more. Most businesses would have a difficult time dealing with such losses over time.

Desperate times, desperate measures

To an employee experiencing heavy financial burdens and responsibilities any product can seem valuable enough to steal, especially when a sufficient quantity can be taken over an extended period and often going unnoticed for months at a time. Surprisingly, an ongoing theft could span three years or more without being detected by owners or supervisors.

Crime coverage can help your client to better secure their business by providing protection for and against:

  • Employee Theft
  • Depositors forgery or altercation
  • Theft of securities and other property
  • Computer fraud
  • Funds transfer fraud
  • Money orders
  • Counterfeit currency
  • ERISA plans
  • Credit, debit, or charge card forgery, and
  • Robbery and safe burglary coverage

Don’t allow your clients to leave themselves open to losses of this kind that could seriously reduce their profit potential. Having crime coverage through yacht builders insurance wholesalers is worth the cost of the policy when you consider all that is at stake.

Commercial Inland Marine Insurance Programs

Commercial Inland Marine Programs are instrumental in helping businesses with increased levels of exposure to carry customized insurance coverage. Many commercial marine insurance solutions are made available to companies dealing in global supply chains or as logistics service providers. Products are specifically designed to respond to all of the unique risk profiles of the many entities that make up this dynamic and complex industry.

As specialists who serve this business model, you must have the required knowledge to help your clients find the best commercial marine insurance for their company, and at the best price. This provides them with the peace of mind to tend to their customers and the chore of running a complex business that must often deal with intense competition.

Looking at the many benefits of marine insurance

Inland marine coverage provides comprehensive protection on goods in transit worldwide, including storage, and provides solutions tailored to the size and complexity of exposures that are often faced. Your clients are depending on you to help them receive a fast and flexible underwriting response when the time comes and a carrier that can give them the sort of customized global claim and recovery programs that they’ve come to expect.

There are plenty of risks involved in the business of moving freight from one place to the next, and companies must review their supply chain security to ensure they are taking the necessary precautions to protect their goods and employees from any criminal activities taking place in the world today. In addition, they should have a robust marine cargo insurance program in place to protect against any and all transit risks.

Problems can occur in many different ways, and your client is responsible for the safe transit, and delivery of goods entrusted to them. The list of dangers is long, and can include everything from incidents involving rough handling, collision, overturn, or theft, to non-delivery, wrong destination, and even cases involving jettison. When they’re ready to discuss coverage options, you need to partner with someone that specializes in insuring transportation and global logistics service providers including securing Commercial Inland Marine Insurance Programs.