Charter Catamaran Insurance | MHG Insurance

Hull & P&I insurance for commercial charter catamarans

Coverage tailored to U.S. and Caribbean charter operations.

Protect your charter catamaran, passengers, crew, and operations with Hull & Machinery and Protection & Indemnity (P&I) coverage designed for commercial charter use. MHG Insurance has experience helping charter operators throughout the U.S., British Virgin Islands, U.S. Virgin Islands, Bahamas, and Caribbean navigate coverage and reduce administrative burdens, allowing them to focus on running their charter business.

Hull & P&I insurance for commercial charter catamarans

Learn more about Commercial Catamaran insurance

Commercial catamaran operators need reliable protection built for charter operations. Learn what this coverage includes and who it is designed to support across U.S. and Caribbean charter markets.

Why charter operators choose this coverage

Why charter operators choose this coverage

High-value protection, fast responses, and coverage built for the way you operate.

Designed for commercial charter catamaran operators who need reliable Hull and P&I protection. Here are some of the highlights:

✓ Agreed value coverage up to $10,000,000.
✓ Protection & Indemnity up to $5,000,000.
✓ Full named windstorm coverage available.
✓ Common renewal date for fleet policies.
✓ Fleet discounts available.
✓ Dedicated support that simplifies insurance administration for charter yacht managers.

Who this coverage is designed for

Who this coverage is designed for

Coverage built for commercial charter operations.

Ideal for single-vessel owners and fleet operators running charter catamarans in the U.S. and Caribbean.

✓ Single charter catamarans
✓ Managed charter catamaran fleets
✓ Fully crewed charter operations
✓ U.S. and Caribbean charter operators

Frequently Asked Questions

Find answers to key questions we hear from charter catamaran owners and operators about coverage, navigation, charter operations, and hurricane exposure.

What types of losses are covered by charter catamaran insurance?

Charter catamaran insurance is designed to address the situations that arise in day-to-day charter operations. That can include damage from collisions, groundings, lightning strikes, theft, or hurricanes, as well as liability if a passenger is injured, a crew member is involved in an incident, or another vessel or dock is damaged. Most programs are built around Hull & Machinery and Protection & Indemnity (P&I) coverage.

Why do charter catamarans require specialized insurance?

Running a charter catamaran isn’t the same as private boating. You’ve got paying passengers onboard, a schedule to maintain, crew responsibilities, and often travel between different cruising areas in the U.S. and Caribbean. All of that changes the risk profile, so insurers assess these operations differently and structure coverage based on how the vessel is actually used.

Is bareboat charter coverage different from crewed charter coverage?

Yes, and the difference really comes down to who is in control of the vessel. With bareboat charters, the charterer is essentially operating the catamaran themselves, so the focus is on their experience and handling of the boat. With crewed charters, there’s a professional crew onboard managing the operation, so underwriters place more weight on crew qualifications and onboard management. Those differences can affect how the coverage is structured and priced. This insurance program is not available to bareboat charters.

How much does charter catamaran insurance cost?

Premiums depend on factors such as the vessel value, operating territory, charter activity, claims history, hurricane exposure, and crew experience.

Is hurricane coverage available for charter catamarans?

Some policies do include named windstorm and hurricane coverage, especially depending on where the vessel is operating. In the Caribbean, for example, terms can vary quite a bit by insurer and how the charter program is set up. It’s also common to see seasonal restrictions, required storm-prep steps, or limits once a named storm is approaching a certain area.