1. 34 | The Polo Magazine | MidSummer 2015
If you would like us to simplify your risk, please call us on 020 7933 0132,
email melanie.corbett@uk.lockton.com or visit www.locktonprivateclients.com
When your life is busy and challenging enough, Lockton Private Clients
ensures your world is covered with an outstanding level of personal service
that helps you to manage the complexity of risk, simply.
Lockton Private Clients is a dedicated team within
the Lockton Group of companies; the world’s
largest, privately owned insurance broker with
global revenues in excess of $1 billion.
With a regional presence, our clients benefit from
our network of contacts in all major international
destinations.
We don’t think in terms of traditional insurance
products but take a more intelligent approach,
understanding individual preferences and
requirements and finding smarter, bespoke ways to
manage insurance exposures.
We provide a complete, end-to-end service that is
highly personal, flexible and strategic in approach,
delivering value by looking beyond the obvious.
You get better value,
service and cover when
you manage your
personal insurance
portfolio in one place.
Let’s get personal.
If you would like us to simplify your risk, please call us on 020 7933 0132,
email melanie.corbett@uk.lockton.com or visit www.locktonprivateclients.com
When your life is busy and challenging enough, Lockton Private Clients
ensures your world is covered with an outstanding level of personal service
that helps you to manage the complexity of risk, simply.
Lockton Private Clients is a dedicated team within
the Lockton Group of companies; the world’s
largest, privately owned insurance broker with
global revenues in excess of $1 billion.
With a regional presence, our clients benefit from
our network of contacts in all major international
destinations.
We don’t think in terms of traditional insurance
products but take a more intelligent approach,
understanding individual preferences and
requirements and finding smarter, bespoke ways to
manage insurance exposures.
We provide a complete, end-to-end service that is
highly personal, flexible and strategic in approach,
delivering value by looking beyond the obvious.
You get better value,
service and cover when
you manage your
personal insurance
portfolio in one place.
Let’s get personal.
You get better value,
service and cover when
you manage your
personal insurance
portfolio in one place.
Let’s get personal.
If you would like us to simplify your risk, please call us on 020 7933 0132,
email melanie.corbett@uk.lockton.com or visit www.locktonprivateclients.com
When your life is busy and challenging enough, Lockton Private Clients ensures
your world is covered with an outstanding level of personal service that helps you
to manage the complexity of risk, simply.
Lockton Private Clients is a dedicated team within
the Lockton Group of companies; the world’s
largest, privately owned insurance broker with
global revenues in excess of $1 billion.
With a regional presence, our clients benefit
from our network of contacts in all major
international destinations.
We don’t think in terms of traditional insurance
products but take a more intelligent approach,
understanding individual preferences and
requirements and finding smarter, bespoke ways
to manage insurance exposures.
We provide a complete, end-to-end service that is
highly personal, flexible and strategic in approach,
delivering value by looking beyond the obvious.
Nautical knot boards, or nautical knot
shadow boxes remind us of the coast, a
symbol of time spent relaxing on sunny days.
They conjure up pictures of brilliant corals
and shimmering fish, the smell of suntan
lotion and an instant mind-sketch of the
colours of the setting sun over the sea. Tiny
representations of something undeniably
secure, demonstrations from an expert hand,
a professional keeping you safe.
Buying a boat is an emotional purchase,
an impossible to balance equation; always a
passion, always the realisation of a dream.
Whether it’s to escape, to travel, to spend time
with the family and friends, or just because you
always promised yourself you would.
For the Superyacht owner, once you have
decided on your breath-taking acquisition and you
have employed a Professional Captain and Crew,
the next step must be to protect this reverie.
At Lockton we arrange bespoke insurance
programmes for Yacht and Superyacht owners;
ensuring that when things go wrong or when
life doesn’t exactly work out as planned, the
Owner and the Captain can be confident in
the knowledge that there’s a safety net of
experts in place to arrange and pay for the
repairs. Lockton’s insurance programmes will
return you to seascape vistas at a swift rate
of knots.
When asked of the best way to buy
Insurance for a client vessel, we admit that it’s
a difficult puzzle; with so many pieces, yet we
are continually surprised by those who purchase
insurance based on price alone.
Add into the mix that Marine Insurance is
a quirky specialism, it’s not standardised like
home or motor insurance, with those contracts
you pretty much know what you are getting.
But your home doesn’t move around the globe
bumping into things, and it’s unlikely you will
have this size of full time staff at one time at
home, or that they will be exposed to the same
level of personal injury, or illness.
If we were to suggest a list of Do’s and Do
Knots, these thoughts would most definitely
make it into the top ten:
• Don’t just focus on the price
• Ask questions about the coverage, is it
standard or bespoke, will it change with
your requirements?
• Ask questions about the Insurers, who are
they, what is their history, do they have
specialised claims capabilities?
• Check out the financial security rating of the
Insurers
• Insurers too, will want to ask a number of
questions regarding yourself, your yacht
and intended operations. It is important
that all material facts are declared, usually
via the completion of a proposal form. It’s
important to note that Insurance contracts
are based on ‘utmost good faith’, and that
you must check that the information you
provide is correct, right down to checking
the qualifications of the staff you employ.
Typically the pieces of the insurance puzzle will
result in you being offered three policies, which
fit together to ensure full coverage of:
1. The Hull, its tenders and toys, contents,
electronics, and engines
2. All Liabilities incurred in the owning and
operation of the vessel
3. Crew Personal Accident Travel and Medical
Expenses insurance
However, a wealth of coverages and add-ons are
available from Berth Liability to Loss of Charter
Hire and you need expert advice and guidance
through the myriad of options before you start
to look at the pricing options you are offered.
The Nautical knot boards were originally
advertisements for a deckhand’s tying skills, or
used as instructional material for new sailors.
After all, the protection and safety of the ship
and the crew depended upon a lot of solid
knots. Sailors had to be experts in Rope Tying.
The Insurance protection of your yacht or
Superyacht depends on a lot of solid advice
from experts in bespoke Insurance programmes.
Choose your Broker with care, you too need
an expert hand, a professional keeping you
safe from financial loss when the unlikely, but
unthinkable, happens.
But by utilising a broking company who
place “Service” at the centre of everything they
do, you will have at your disposal a number of
different specialist experts whose sole priority is
the benefit of you and your family.
At Lockton Private Clients we build deep
personal relationships with you and your family
members, over many years. We understand
that you have structures which define the
separation of wealth and plans for succession.
We understand the dynamics of the relationships
and politics within the family. We ensure that
we have Industry experts in each area of the
client’s passions, to provide real solutions to
the problems our clients are facing, but in a
seamless, stress free way...
...allowing you to decide the number of
knots in your next adventure.
Please contact our Yacht Practice
Melanie Corbett,
Vice President Private Client Division
Head of Lockton Yacht Practice
Lockton Companies LLP (“Lockton”), a limited
liability partnership registered in England & Wales
with company number OC353198. Registered
office: The St Botolph Building,
138 Houndsditch, London, EC3A 7AG
T: +44 (0)20 7933 0132
M:+44 (0)7506 976 169
E: melanie.corbett@uk.lockton.com
www.lockton.com/yachtinsurance
www.locktonprivateclients.com
Lockton Companies LLP is authorised and
regulated by the Financial Conduct Authority
under Firm Reference Number 523069.
BESPOKE INSURANCE PROGRAMMES
FOR YACHT AND SUPERYACHT OWNERS
NAUTICAL
KNOT BOARDS
Photography of Riva 76 Coupé courtesy of Riva
