Millstream perceptive underwriting




For yachts over 24 metres/82ft in length

What we cover:

  • Physical damage
  • Liabilities including P&I
  • Crew personal accident and yacht owners' liability to crew
  • War

Our capacity :

In excess of $100m

Why Millstream?


We offer physical damage, war and liability coverage (including a separate P&I to $500m) for all types of yachts. This product is designed specifically for the larger yachts of 24 metres and above and includes an enhanced accident and emergency response service catered for owners, masters and professional managers. This package includes full access to our 24 hour Yachtsure24 emergency response, help and claims line. This unique bespoke service is available 7 days a week which gives you direct access to marine specialists for accident response, advice and technical support services as well as non-claims related issues that can occur on vessels of this size.

Protection and Indemnity (P&I)

Protection and Indemnity insurance, commonly known as P&I, is insurance in respect of third party liabilities and expenses arising out of the ownership or operation of the Yacht. This coverage is generally bought by larger yachts with a professional crew who require coverage beyond the standard third party liability given in most policies. The P&I facility is underwritten by the Shipowners' Mutual Protection and Indemnity Association (Luxembourg). 

Crew personal accident

We offer Personal Accident & Medical Expenses coverage for professional crew on a 24 hour basis. This can be extended to include the owner, the owner's family and guests.

Yacht owner's liability to employed crew

Owners of British flag (Red Ensign) Yachts have a requirement to provide employers liability coverage for their full time or part time professional crew. We have developed a product that is suited to the owner's needs providing coverage to comply with owner's obligations under The Merchant Shipping Act. We can also provide coverage for European flagged yachts on a similar basis. For UK flag vessels limits of £5,000,000 and £10,000,000 are available. For foreign flag vessels limits of €2,000,000, €3,000,000 and €5,000,000 are available.

Risk management programme

You will benefit from our risk management survey programme which independently evaluates the major risks, safety, crew training and emergency procedures on-board and seeks to establish the highest levels of competency and safety on-board. This is subject to size, value and geographical location and is at the underwriter's discretion.


Click here for more information on Crew PA


View our documents

Yachtsure and Yachtsure24 brochure

Yacht proposal form