Marine Insurance

Towergate Cornwall Marine Insurance Towergate Penzance

With our county being surrounded by water it's no surprise that we take marine insurance very seriously. With our expert knowledge of the pleasurecraft and marine trades markets we can provide you with a wide range of cover and access to the UK's leading marine insurers. Whether you are looking for basic liability insurance or a completely comprehensive policy for your boat or business, we will have the cover to suit you. Terms and conditions apply to all insurance policies and copies of policy wordings are available on request.



Private Pleasurecraft:

Towergate provides specialist insurance for a range of pleasurecraft including cruising yachts, motor cruisers, super yachts, RIBs, narrowboats, dinghies and jet skis. Cover is available in the UK and the EU.

Key Benefits available:

Towergate provides specialist insurance for a range of pleasurecraft including cruising yachts, motor cruisers, super yachts, RIBs, narrowboats, dinghies and jet skis. Cover is available in the UK and the EU. Key Benefits available:

  • Accidental loss or damage
  • £3 million liability limit
  • Third party and passenger liability
  • Optional waterskiing and towing of toys (designed for up to 2 people only) liability cover up to £1million
  • Super Yachts - war risks, machinery damage, £5m liability limit, loss of hire, medical cover for crew and their family, VIP assistance, £50k valuables and £5k personal effects
  • Personal accident and medical expenses
  • Salvage charges
  • Wreck removal
  • Extensive cruising ranges (excluding USA - but can consider Caribbean)
  • Marina benefits
  • The excess is not doubled for damage to under water gear
  • Automatically includes transit cover for craft up to 30 ft
  • Up to 5 years NCD (25%)
  • Automatically includes cover for racing dinghies (small craft policy - craft under 16ft 6ins only)
  • Automatically gives cover for up to 30 days use in Western Europe and Eire (small craft policy craft under 16ft 6ins only)
  • Underwritten by leading UK Insurers - Aviva, AXA and RSA

For a quotation on your private pleasurecraft click the button below:



Contact Towergate Penzance
Commercial Marine Trades:

Towergate Insurance provides specialist insurance for a wide range of commercial marine trades including boat clubs, vessel sales, commercial hull and marine cargo. Key Product Features Available:

  • All risks including marine/yacht yard indemnity covers
  • Enhanced cover options available
  • Mobile tradesman option
  • Proactive risk management programme
  • Nationwide network of claims surveyors

Boat Clubs Commercial all risks and liability cover designed for all types of marine clubs including boating, sailing, rowing, gig, yachting and RYA training establishments. Cover can be extended to include:

  • Member to member Liability
  • Race Officer's Indemnities
  • Directors and officers cover for club officers
  • Training and tuition liabilities
  • Liability for craft on club moorings
  • Liability for craft loaned from other clubs/members

Boat Yards 'Motor Traders' policy providing liability and indemnity cover designed for the boating industry. Cover available includes (subject to your Demands & Needs):

  • Employers, public and product liability
  • Use and movement of waterborne craft
  • Transit within the EU

Marine Trades

All risks and marine/yacht yard indemnity cover designed to cater for a wide range of trades including boat builders, boat repairers and marine engineers.

Mobile Tradesman

Designed to cover most mobile sole traders without business premises and a turnover less than the current VAT threshold, who operate within the marine trade pleasure craft industry. Cover available can include (subject to your Demands & Needs):

  • Public/products liability up to £2m limit of indemnity
  • Tools away from the home premises up to a sum insured of £5k

For a Commercial Marine quotation, click one of the buttons below to contact your nearest Towergate office: