Business Insurance Solutions
Business Insurance Business Interruption Construction Cyber D&O / Management Liability Design & Construct IT Liability Liability Marine Liability Marine Transit Medical Malpractice Motor Commercial & Fleet Plant Equipment & Machinery Professional Indemnity Property Owner Tools
View All Business Cover
Personal Insurance Solutions
Boat Insurance Collectibles & Valuables Hobby Farm Home & Contents Landlords Motor & Motorcycle Personal Accident & Illness Residential Strata
View All Personal Cover
Our Services Start Quote

Commercial Hull Insurance for Business-Owned Vessels

Protect your vessels against physical damage, loss and theft while operating, in transit or in storage.

  • Covers physical loss or damage to commercial vessels
  • Protection for engines, machinery and onboard equipment
  • Arranged with specialist Australian and international marine insurers
  • Structured to reflect vessel type, use and operating waters
Get My Commercial Hull Insurance Quote

Request a Commercial Hull Insurance Quote

No obligation. Cover structured to suit your vessel and operations.

By submitting this form, you consent to Seguro Insurance collecting and using your personal information to respond to your enquiry, in accordance with repX's Privacy Policy.

Australian insurance brokers
Experience with commercial marine asset risks
Access to specialist marine hull insurers
Understanding Your Cover

What Is Commercial Hull Insurance?

Commercial Hull Insurance provides protection for vessels and watercraft against physical damage, loss, theft or accidental events while in use, in transit or in storage.

Unlike Marine Liability Insurance, which focuses on third-party claims, hull insurance is designed to protect the vessel owner’s financial exposure in repairing or replacing the vessel following an insured event. This insurance is essential for businesses operating vessels commercially, including ferries, workboats, fishing fleets and tourism operators.

Is This For You?

Who Commercial Hull Insurance Is For

Commercial Hull Insurance is commonly arranged by:

Commercial vessel owners and operators
Charter and tourism vessels
Fishing and aquaculture operators
Marine service and workboats
Tug and barge operators
Government and private service vessels
Shipbuilders and marine contractors
Marina operators
Note: Any business that owns, operates or finances commercial vessels should consider hull insurance essential.
Cover Options

What Does Commercial Hull Insurance Typically Cover?

Physical Damage

Covers accidental damage to the vessel, including machinery, engines, masts, electronics and onboard equipment.

Fire, Theft & Malicious Damage

Covers loss or damage caused by fire, theft, vandalism or intentional acts by third parties.

Collision & Contact

Covers repair or replacement costs following collisions with other vessels, docks, wharves or marine infrastructure.

Salvage & Wreck Removal

Covers the costs of recovering, salvaging or removing a vessel following an accident, grounding or sinking.

Inland Transit & Storage

Covers vessels while moored, in dry dock, stored ashore or transported over land.

Beyond the Basics

Additional Covers & Policy Extensions

Policy Options

How Commercial Hull Insurance Is Structured

1

Policy Structure

Commercial Hull Insurance can be arranged annually or on a voyage-specific basis, depending on the vessel’s operations.

∞

Key Features

Vessels are insured on an agreed or market value basis, with cover applying while operating, moored, in transit, or in storage. Excesses apply per claim and vary by vessel type and use, with endorsements available for chartering, passenger carrying, or higher-risk operations.

Why It Matters

Tailored commercial vessel/hull solutions

Commercial vessels represent significant capital investment

Repair and replacement costs can be substantial

Protects revenue streams from charter, tourism or freight operations

Often required under finance, lease or charter agreements

Minimises operational disruption after accidents or damage

Protect Your Vessel and Investment

Speak with a broker experienced in commercial marine risk.

Get My Commercial Hull Insurance Quote

Important: Commercial Hull Insurance does not cover wear and tear, corrosion, maintenance-related damage, intentional acts or cargo loss. Policy wordings, limits, exclusions and extensions vary significantly between insurers. Advice from a Seguro insurance broker is recommended to ensure cover aligns with vessel type, operations and navigation zones.

FAQ's

Commercial hull insurance covers physical damage, loss or theft of vessels used for business purposes.
Hull insurance covers your vessel, while marine liability covers claims made by third parties.
Yes. Hull policies typically include engines, machinery and onboard equipment, subject to policy terms.
Yes. Cover usually applies while vessels are moored, in dry dock or stored ashore.
Many policies include cover for salvage and wreck removal, which can be significant.
Passenger carrying often requires specific endorsement and disclosure.
If you need to make a claim, contact Seguro Insurance Brokers directly. Our team will guide you through the claims process, help you gather the required documentation and liaise with the insurer on your behalf to ensure your claim is handled efficiently.
Agreed value offers certainty, while market value reflects current market conditions.
Yes, provided chartering and passenger use are disclosed and accepted by the insurer.
Premiums depend on vessel value, age, use, navigation limits, crew experience and claims history.
A broker ensures correct valuation, appropriate endorsements and alignment with operational and contractual requirements.
Get My Commercial Hull Insurance Quote