Yacht Broker Insurance A Complete Guide for Brokers
Yacht broker insurance provides necessary protection, shielding brokers from liabilities, legal claims, and financial challenges that often arise during transactions. Yacht broker insurance specifically protects brokers from risks related to their work. In this guide, we’ll break down what yacht broker insurance covers, why it’s essential, the types of coverage available, and tips for selecting the best policy. What is Yacht Broker Insurance? Yacht broker insurance specifically protects brokers from risks related to their work. These professionals are responsible for managing yacht sales and purchases, which often involve high-value transactions. Any errors or disputes in these deals can lead to costly legal claims. Yacht broker insurance covers legal fees, settlements, and other expenses that may arise if a claim is brought against the broker. Why Do Yacht Brokers Need Insurance? Brokers handle large, high-stakes transactions in the luxury yacht market, and ...