A specialized marine insurance solution designed to support brokers placing high-value yachts and pleasure craft.

B Smart Insurance provides flexible, underwriting-driven coverage for vessels ranging from $500,000 to $5 million. Built for both private ownership and charter exposures, this program enables brokers to deliver tailored solutions backed by global capacity and marine expertise.

Product Overview

This facility is designed to give brokers access to a comprehensive marine solution that addresses the unique risk profiles of yacht and pleasure craft owners.
Coverage is structured to accommodate a range of vessel types, navigation plans, and operational uses, allowing brokers to confidently place both standard and more complex marine risks.

Core Coverage Features

• Hull & Machinery
  Physical damage coverage for vessels, including onboard equipment and systems.
• Protection & Indemnity (Liability)
  Third-party liability limits available from $100,000 up to $10,000,000, with excess options available.
• Agreed Value Policies
  Clear valuation at bind, eliminating depreciation concerns at time of loss.
• Navigation Limits
  Worldwide cruising capabilities across approved regions, including North America, Caribbean, and Europe.
• Personal Effects Coverage
  Protection for client-owned property onboard.

Specialized Coverage Solutions

Designed to support a wide range of client needs and placement scenarios:

• All Risks or Named Perils Options
  Flexible policy structures based on risk profile and underwriting criteria.
• Skippered Charter Coverage
  Solutions for vessels operating with crew or under charter arrangements.
• Crew Liability Extensions
  Coverage for crew-related exposures.
• Yacht Medical & Ancillary Covers
  Optional extensions including medical, fishing equipment, and passenger liability.
• Uninsured Boaters Coverage
  Additional protection against uninsured third-party exposures.

Underwriting Flexibility

This program is built to help brokers navigate complex marine placements:

• Hurricane Season Flexibility
  Adaptable navigation and storage arrangements during storm periods.
• Windstorm Coverage Options
  Flexible inclusion or exclusion of named storm exposure.
• Transocean Voyages
  Coverage available for approved long-distance crossings.
• Tailored Risk Assessment
  Each risk is underwritten individually to reflect vessel specifications and usage.

Navigation & Geographic Appetite

The facility supports a broad navigation appetite, including:

• Canada and the United States (including inland waterways and Great Lakes)
• Caribbean and Bahamas (excluding select restricted regions)
• Pacific Coast of Mexico and Central America
• Europe and the Mediterranean (subject to regional exclusions)

Coverage is written on a worldwide basis, excluding designated war zones in accordance with Lloyd’s published territories.

Target Risks

This solution is suitable for:

• High-value private yachts
• Mid-sized pleasure craft
• Charter and skippered vessels
• Seasonal and long-distance cruisers
• Clients requiring flexible navigation and underwriting consideration