Fisherman

Designed for inshore fishermen covering fleets or individual vessels. Cover can also be provided on the catch.

Vero Marine has tailor-made a Plain English policy wording that covers specified perils, and is based on the Institute Fishing Vessel Clauses. “Fisherman” is a policy wording specifically designed for owner-operated fishing vessels up to 30 metres in length and NZ$1,000,000 in value. Excesses no longer fall under Clause 12 (General) and Clause 13 (Additional Machinery Damage). One excess per section applies. "Fisherman" includes cover for:

  • Loss or damage to the hull, machinery and equipment whilst afloat, ashore or whilst being towed on land.
  • Loss or damage to fishing gear as a direct result of total loss of the vessel, fire, lightning, or theft.
  • Accidental physical loss or damage whilst gear and equipment is on board the vessel, or whilst being loaded or off-loaded from the vessel.
  • Legal liability incurred through the use of the vessel for:
      • Damage to another vessel from collision
      • Loss of life or bodily injury to other people
      • Removal of wreck
      • Damage to other property such as wharves, buoys, cables etc.
  • Punitive or exemplary damages up to $250,000.
  • Legal defence costs, including representation at Maritime New Zealand, TAIC or Coroner inquiries.
  • Legal liability for claims made as a result of an employee sustaining personal injury arising out of operation of the vessel.
  • Fines, penalties and defence costs for inadvertent breaches of New Zealand’s Resource Management, Maritime Transport or Health & Safety in Employment Acts (except fines under the Health & Safety in Employment Act).
Extensions are available to the policy to include protection for:
  • Mortgage repayments, where the vessel is prevented from earning as a result of a risk covered under the hull section of the policy.
  • Loss of catch landed on board the vessel.
  • Accidental physical loss or damage to the vessel’s trailer from an external cause.
Fisherman Proposal
Master's Questionnaire
Please Read This Important Information This on-line information is provided by Vero Marine and is intended to provide summary information of the main features of this Vero Marine product. For further information on this product, please speak to your broker / adviser about Vero Marine products. A decision to purchase this product should be based on more comprehensive detail than is provided by this summary and you should not rely solely upon this summary. The policy document describes in detail the benefits provided, exclusions and how your policy works. The Vero Marine product described in this on-line information is offered by Vero Marine and is only available within New Zealand.

Vero Marine sells its products through independent brokers. You can find a broker near you with the help of the Insurance Brokers Association website...