Boat Liability Insurance

Boat liability insurance covers liability for damage to third party property and injuries to other people which are caused by an insured boat.

In Switzerland, boat liability insurance is compulsory for boats which are powered by a motor and sailboats with sails which are 15 square meters or larger.

Swiss compulsory boat liability insurance must cover a policyholder’s liability in relation to the use of an insured boat up to a minimum of 2 million Swiss francs.

For boats which transport passengers on a commercial level, compulsory boat liability insurance must cover a minimum of 70,000 Swiss francs for each passenger which the boat is licensed to hold, with minimum combined coverage of 5 million francs.

Boats which transport cargo on a commercial basis must be covered by boat liability insurance with a minimum sum insured of 5 million francs.

More on this topic:
Personal liability insurance comparison