Yes. Every vessel listed on CharterXO must be covered by a current commercial boat insurance policy. Your policy must insure both the vessel and all passengers aboard.
Insurance Requirements
Everything you need to know about insurance requirements for listing your vessel on CharterXO.
Commercial Policy Required
All vessels must carry a valid commercial boat insurance policy.
$1M Minimum Coverage
At least $1,000,000 in combined liability coverage per occurrence.
Proof on Request
Be ready to provide your insurance documents within 48 hours.
Common Questions
If you're offering captained charters (where your captain operates the vessel), you need a valid commercial boat insurance policy that covers:
- The vessel itself
- All passengers on board
- At least $1,000,000 in combined liability coverage
Your policy must also meet the minimum liability requirements set by the governing laws in your jurisdiction.
Bareboat charters — where the charterer operates the vessel — require more comprehensive coverage. In addition to standard vessel and passenger coverage, you'll need:
Hull & Machinery Coverage — Sufficient to repair or replace the vessel in the event of damage or total loss.
Protection & Indemnity (P&I) — Covers third-party bodily injury, property damage, and pollution liability.
Charterer's Liability — Names the bareboat charterer as an insured operator.
Crew & Passenger Liability — Covers any injuries to crew members or additional passengers.
CharterXO as Additional Insured — CharterXO LLC must be listed as an Additional Insured and Loss Payee on the policy.
All categories above require a minimum of $1,000,000 per occurrence.
Yes — CharterXO may request a copy of your vessel's insurance declarations page or certificate of insurance at any time. If requested, you must provide proof within 48 hours.
Failure to provide proof of compliance within that window may result in:
- Cancellation of existing bookings
- Removal of your listing from the platform
- Termination of your CharterXO account
You are. As a vessel owner on CharterXO, you are solely responsible for ensuring the adequacy and continuous maintenance of all required insurance coverages. CharterXO bears no liability for any claims, losses, or damages arising from your failure to secure or maintain proper insurance.
By listing your vessel on CharterXO — whether for captained or bareboat charters — you represent and warrant that:
- You hold the required insurance and it is currently in full force and effect.
- All insurance information you provide is true, complete, and not misleading.
- You will notify CharterXO immediately if your coverage changes, lapses, or is cancelled.
Commercial marine insurance is available through specialty marine insurance brokers and some major insurance carriers. We recommend working with a broker who specializes in charter vessel coverage — they'll understand the specific requirements and can help you get the right policy at a competitive rate.
If you need guidance finding a provider, reach out to our support team and we'll point you in the right direction.
Still have questions?
Our team is here to help you understand insurance requirements and get your vessel listed with confidence.
Contact Support