IYC is the only yachting company in the industry with an in-house team of yacht insurance professionals, licensed both in Europe and North America.
IYC is a leading yacht company with insight, experience and relationships which enable us to provide the best level of support. Our ability to understand our clients’ needs allows us to provide custom solutions and to ensure they are well protected. IYC believes in offering our clients with solutions for every requirement surrounding the ownership of a yacht.
Over the course of the past 10 years, IYC has provided expert advice on risk management and loss mitigation to over 600 yachts worldwide. We have handled over 3,000 successful claims, ranging from simple loss of tenders to complex total losses, and our insured assets sum up to €1.06 Billion in value.
IYC is an international yachting company, and one of the largest worldwide. We operate in all yachting disciplines including Sales & Purchase, Chartering, Yacht Management, New Construction, Charter Management, Crew Placement, Yacht Agency Services and Insurance & Claims Management.
Protection against partial damage, total loss, damages to fixtures and fittings, tenders, watersports equipment and electronics.
Protection against potential third party liability exposures such as collision liabilities, pollution, wreck removal, legal defense costs, watersports liabilities and uninsured boaters.
Crew Medical Health Plans and travel plans available to crew members, on an individual or group basis. Options include Medical, Dental, Vision, Life and AD&D.*
Protection for Yards and Contractors legal liabilities, as ship repairers.
Protection for the construction of a new building project, or the project of a major conversion or refit. The vessel can be covered from physical loss or damage, as well as the liabilities of the Owner to third parties, against all risk. The cover will include: Faulty Design, Pollution Liability, Liabilities to Third Parties, Legal Defense Costs.
Insurance to protect you against loss of income resulting from physical damage to the insured vessel or any circumstances that prevent the vessel from executing a scheduled charter.
Cover issued to protect a lien holder or lessor’s interest that causes the policy to continue to protect the financial interest even when the insured breaches a condition. Any loss recoveries under this clause are payable only to the lien holder or lessor.
Despite our best intentions, sometimes life gets in the way and we need to cancel our holiday plans. Trip Cancellation Insurance helps to protect a charter travel investment from the unexpected, with affordable premiums and minimal paperwork. Some examples of situations where this cover is necessary include trip cancellation due to sickness, injury, or death of the insured/family member/business partner; theft of passports; natural disasters; jury duty, and many more. As a charterer and/or guest you may cancel your booked trip for any reason and may be reimbursed for part of your pre-paid fee.
Accidents may happen when it’s least expected so it’s always best to be prepared. The Charter Liability insurance provides cover for situations where guests are liable for damage caused to their charter yacht – including the hull, tenders/toys, interior furnishings and other equipment – or to third parties. While as charterers and / or guests you may be covered under the yacht owner’s liability policy, this extra cover allows you to completely relax and enjoy your holiday, knowing you are fully protected when chartering an expensive yacht.
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