Commercial Vessel Insurance by Vessel Type
Every vessel type has distinct insurance requirements. From bulk carriers serving Richards Bay to fishing trawlers rounding the Cape of Good Hope, find specialist cover for your vessel.
Bulk Carrier Insurance
Hull and machinery insurance for bulk carriers serving SA's coal, iron ore and mineral export terminals.
Typical size: 10,000 – 400,000 DWT (Handysize to Capesize)
Key Insurance
- •Hull & Machinery (H&M) — agreed value
- •Protection & Indemnity (P&I Club membership)
- •Freight, Demurrage & Defence (FD&D)
Fishing Trawler Insurance
Hull, machinery and crew cover for commercial fishing trawlers operating in SA waters.
Typical size: 18 – 80 metres LOA
Key Insurance
- •Hull & Machinery including fishing gear
- •Crew personal accident — SAMSA requirements
- •Employer's liability
Tugboat & Tug Insurance
Specialist hull, salvage and liability insurance for harbour tugs and ocean-going salvage tugs.
Typical size: 20 – 80 metres LOA (harbour tugs 20-40m, salvage tugs 60-80m)
Key Insurance
- •Hull & Machinery
- •Liability under towage agreements (BIMCO)
- •P&I including towage liability
Passenger Ferry Insurance
Hull, passenger liability and crew cover for ferries and passenger vessels in SA.
Typical size: 6 – 200 metres LOA
Key Insurance
- •Hull & Machinery
- •Passenger liability (per Merchant Shipping Act)
- •P&I Club membership or equivalent
Yacht Charter Insurance
Specialist cover for charter yachts and sailing vessels operating commercially in SA waters.
Typical size: 10 – 25 metres LOA
Key Insurance
- •Hull & Machinery (commercial use)
- •Passenger/charter guest liability
- •SAMSA commercial COF
Offshore Support Vessel Insurance
Hull and liability insurance for OSVs, PSVs and diving support vessels serving SA's offshore industry.
Typical size: 30 – 120 metres LOA
Key Insurance
- •Hull & Machinery (offshore conditions)
- •P&I including offshore liability
- •Diving operations liability (DSVs)
Sailing Yacht Insurance
Comprehensive cover for private sailing yachts based in South Africa or on offshore passages.
Typical size: 8 – 60 metres LOA
Key Insurance
- •Hull & Machinery (agreed value)
- •Third-party liability
- •Racing cover (if competing)
Workboat Insurance
Hull and liability insurance for harbour workboats, pilot launches and utility vessels.
Typical size: 6 – 25 metres LOA
Key Insurance
- •H&M with replacement vessel clause
- •Third-party collision liability
- •Port authority compliance documentation
Hull & Machinery Cover
Understand what hull and machinery insurance covers for your vessel.
Hull & machinery coverMarine Liability (P&I)
Third-party liability cover for SA commercial vessel operators.
Marine liability cover