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Serving The Northeastern US Maritime Industry
Northeastern Underwriters, LTD

PO Box 1310

Madison, CT 06443


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Marine Insurance Brokers

Business Details

Northeastern Underwriters has provided brownwater marine insurance brokerage services to the Northeast for over 30 years. We have long-term relationships with the major insurance carriers offering coverages for the maritime industry, the knowledge, & the experience to best serve our family of insureds.

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Yachts are usually regarded by their owners (and sometimes even by their insurance agents) as just anotther personal asset to be insured like a car or a house. If the policy has an anchor on it, it must be good!

Wrong! Unlike homeowners and auto policies which are closely regulated by the varoius state insurance departments, there is virtually no governmental oversight for yacht insurance contract wording or policy premium charges! Since the yacht insurance contract is essentially unregulated, every insurance company that writes yacht insurance has their own policy wording.

Buying boat/yacht insurance is a little like buying a boat -- you can have two separate boats of the same length and still have a world of difference in quality. Some insurance companies even have a “premimum” yacht policy (the “good” policy) and an "economy" boatowners policy (the “not-quite-so-good-as-the good ” policy).

At Northeastern Underwriters, we do not view yachts as a "commodity" insurance item, so we do not have an on-line template for quotes. We have included a boat/yacht information sheet, if you would like to get an estimate for your boat insurance coverage. We use the word “estimate” rather than quote, because the information sheet asks only for the bare essentials, so that we can get you an appoximate premium quote without wasting your time. Your yacht is important enough for us to "shop" for a yacht insurance carrier who writes a good contract at a good price. If you decide you want us to write a policy on your boat, we can get the balance of the information on a formal application to confirm the premium and issue a policy.


Insurance programs for yards are a mixture of both maritime and land-based insurance coverages. Since the products and completed operations can involve life-safety of vessel operators, the insurance industry gives much attention to shipyards. For marinas, third party liability coverages for slips and falls on the docks, damage to boats in the marina and product/completed operations liability for repair work are most common, but liability for leaks of an in-ground tank, fuels spills or a spill from a marina-owned vessel are also very real exposures for marinas with a gas dock.

Like any other business, a yard is required by the state to purchase workers compensation insurance for employee injuries and automobile liability coverage to fulfill their financial responsibility obligations. Because of the US Longshoremens and Harborworkers Compensation Act there is a very limited insurance market for workers compensation.

Traditional marine coverages of hull insurance and protection & indemnity are needed to cover both owned boats and liability for customers’ boats while being berthed, stored, repaired or tested by yard workers. The insurance companies we represent offer every coverage needed by shipyards and marinas


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