Boat Insurance Agency

What Boat Insurance Agency does

Boat Insurance Agency is a privately held independent marine insurance brokerage based in Seattle, Washington, that specializes exclusively in boat, yacht, and marine business insurance. The firm represents multiple marine insurance carriers and operates as an independent broker, comparing policies across carriers to secure coverage and pricing for customers across the Pacific Northwest and broader Western United States. Its product portfolio spans six core categories: boats 26 feet and under, yachts, charter/guide commercial operations, marine businesses, floating homes and boat houses, and specialty vessel coverage.

The business earns revenue through insurance commissions paid by carrier partners on placed policies, a recurring revenue model tied to premium volume. Distribution occurs through direct phone sales, website quote-request forms, in-person consultations at the Seattle headquarters, and annual presence at the Seattle Boat Show (February 2-10 each year). The firm also benefits from a referral network comprising yacht brokers (Elliott Bay Yacht Sales, Fraser Yachts, La Conner Yacht Sales, Emerald Pacific Yachts), marine surveyors, marine financing institutions (People's Bank), and marine trade businesses.

The firm is owned and operated by Northwest boaters, led by owner-operator Neal Booth, and operates with a 1-10 employee headcount. Its value proposition rests on All Risks coverage, agreed value policies without depreciation, flexible navigation limits extending to Alaska and coastal waters, included towing and emergency assistance, and specialized commercial programs for charter and guide operators. No proprietary technology platform or digital underwriting system is disclosed; service delivery is built on carrier relationships and personal expertise rather than technology infrastructure.

Name

Boat Insurance Agency

Legal name

Boat Insurance Agency

Website

https://boatinsurance.net

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Boat Insurance Agency is a Seattle-based independent marine insurance brokerage representing multiple carriers to provide boat, yacht, charter, and marine business coverage primarily to Pacific Northwest customers through phone, web, and boat show channels.

Ownership category

akta.pro rank

Product category

Marine Insurance

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Yacht & Pleasure Craft Insurance (FSAJAHAI)

akta.pro secondary industries

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB), Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH)

Keywords

• Marine insurance
• Boat insurance agency
• Yacht coverage
• Charter vessel insurance
• Floating home insurance

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Insurance Commissions: As an independent insurance agency, Boat Insurance Agency earns commissions from insurance carriers for placing policies. They represent multiple marine insurance companies and receive a percentage of premiums paid by customers.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Boat Insurance Agency is an independent marine insurance brokerage that compares policies from multiple marine insurance carriers to secure coverage and pricing for boat owners. The agency sells six core marine insurance products: coverage for recreational boats 26 feet and under; yacht insurance for larger motor yachts, trawlers, sailboats and crewed yachts; charter and guide insurance for commercial fishing guides and charter operators; marine business insurance for artisans, repairers, marinas and yacht brokers/dealers; floating home and boat house insurance; and specialty coverage for unique vessel types. As an independent agent, the company earns commissions from carrier placements rather than underwriting risk itself.

Product overview

Boat Insurance Agency is an independent insurance agency offering marine insurance products organized by boat type and customer segment. The core product portfolio includes six main insurance offerings: Boats 26' & Under Insurance (for small craft), Yacht Insurance (for larger vessels), Charter/Guide Insurance (for commercial operators), Marine Business Insurance (for maritime businesses), Boat Houses/Floating Homes Insurance (for floating properties), and Specialty Boat Coverage (for various unique vessel types). The agency acts as an independent broker comparing multiple marine insurance carriers to find the best premiums and coverage for customers. All policies include features like agreed value coverage, flexible navigation limits, towing/emergency assistance, salvage coverage, and comprehensive marine liability protection.

Differentiator

Problem solved

Functional benefit

Products and services

• Boats 26' & Under Insurance Insurance coverage for ski boats, runabouts, small cruisers, fishing boats, personal watercraft, and any small craft 26 feet and under, including property damage for the boat, motor and equipment, liability, medical coverage, towing and emergency service, uninsured boater coverage, and pollution/spill coverage. Targeted at individual recreational boat owners who need yacht-style coverage at affordable premiums.
• Yacht Insurance Comprehensive coverage for large motor yachts, trawlers, sailboats, crewed yachts, and yacht charter operations, with broad navigation limits and robust terms and conditions. Targeted at owners of larger yachts who require high-limit coverage accessed through best-of-market specialist carriers.
• Charter / Guide Insurance Insurance for fishing guides, charter boat operators, rentals, and charters, with exclusive programs designed specifically for commercial guiding operations. Targeted at commercial marine operators who need passenger liability and guide-specific coverage that standard recreational policies exclude.
• Marine Business Insurance Coverage for marine artisans, tradesmen, repairers, yards, marinas, yacht brokers and dealers, and other marine trade businesses. Targeted at marine trade operators needing marine-trade-specific liability and business coverage rather than vessel-owner policies.
• Boat Houses / Floating Homes Insurance Insurance coverage for floating homes, boat houses, docks, piers, and marinas. Targeted at owners of floating properties whose structures have unique insurance requirements not addressed by standard homeowner policies.
• Specialty Boat Coverage Coverage for a wide range of specialized boat types including bass boats, classics, custom vessels, excursion boats, hot boats, jet boats, live-aboards, mega yachts, older boats, pontoon boats, professional guides, racers, rental boats, sailboats, tournament ski boats, wooden boats, and other specialty vessel categories. Targeted at owners of vessels with unique insurance needs that may be difficult to place through standard carriers.

Quantifiable outcome

• Insuring hundreds of guides and charter boats in the West
• +1 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Broad incumbents

• GEICO Marine Insurance: Marine insurance program offered through GEICO's partnership with BoatUS, serving recreational and small yacht owners nationally via direct digital channels. Represents the direct-to-consumer digital model against which independent brokers must differentiate.
• Chubb Marine Insurance: Premium/yacht marine insurance provider under Chubb's Personal Risk Services, focused on high-value yachts and luxury vessels. Comparable in serving affluent yacht owners with agreed-value and broad navigation coverage, but operates as a carrier rather than a broker.
• Markel Specialty Insurance: Major specialty insurance carrier with a dedicated Marine practice underwriting yachts, charter boats, marinas, and marine businesses. As an underwriting carrier (rather than a broker) and a partner of independent agencies like Boat Insurance Agency, Markel represents both a competitor for direct business and a carrier-relationship counterpart.
• Travelers Marine Insurance: National insurance carrier with a Marine practice covering yachts, boats, and marine businesses. Competes for the same customer segments via direct and agent channels; one of the carrier partners referenced in customer testimonials regarding claim handling.

Direct peers

• RPS (Risk Placement Services): National specialty insurance brokerage with a marine practice covering recreational, yacht, and commercial marine risks. Similar independent broker model with multi-carrier access and specialty marine expertise.
• BoatUS (Boat Owners Association of the United States): The largest consumer-facing boat insurance provider in the US, offering recreational, yacht, and charter marine coverage directly to boat owners via online and phone channels. Closest comparable in customer base and product scope, though it operates as a direct writer/program administrator rather than an independent broker.
• Woodruff Sawyer: Independent commercial insurance brokerage with a Marine Insurance practice serving yacht clubs, marinas, charter operators, and boat dealers on the West Coast. Closely matches the multi-segment marine broker model, with broader geographic reach.
• Hagerty Marine Insurance: Specialty insurer for classic, antique, and collector boats (and cars) with agreed-value coverage and enthusiast-focused service. Comparable in serving discerning boat-owner segments that demand specialty marine expertise rather than commodity coverage.
• American Collectors Insurance: Specialty insurer focused on collector and classic boats (and cars), offering agreed-value coverage. Comparable in serving enthusiast/collector vessel segments where standard carriers are inadequate.
• Heffernan Insurance Brokers: Large independent insurance brokerage with a dedicated Marine Practice covering yachts, charter operations, marine businesses, and boat dealers across the Western US. Directly comparable in broker model, multi-carrier access, and marine specialization.

Market position

Strengths4 records

Weaknesses4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/boat-insurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boat Insurance Agency