Across all aspects of yacht ownership and management is the need to ensure that adequate and suitable insurance cover is in place in respect of the yacht and its crew.
Our yacht services division is not a regulated provider of insurance services, but we undertake the placement of insurance as part of our duties when acting in the capacity as directors of a yacht owning company or as the legal employer of crew serving on yachts.
To ensure the correct policy is applied, we adopt a bespoke approach which ensures that the specific needs of the yacht and its operation are catered for at the most competitive price.
Why choose Praxis for support with yacht insurance?
- Decades of expertise: with over 50 years in the industry, our experience speaks for itself.
- Niche marine insurance access: our long-standing relationships with specialist marine insurance markets, allow us to provide the most appropriate coverage.
- Competitive premium: we are well placed to facilitate the most appropriate cover along with the most competitive premiums.
- Transparent approach: at Praxis transparency is paramount. We pass on any negotiated discounts directly to the yacht owner. As part of our impartial and transparent business practice, Praxis does not receive any form of commission from the brokers we work with.
To meet requirements from both the corporate and yacht management sides of the structure, our experienced finance team can provide full financial management.
