Annual but 5 year contracts are common for private insurance. Machinery Breakdown, Business Interruption. Inspections are not compulsory. Product Recall coverage is available. Coverage can be written on an occurrence basis.
Higher limits are readily available in the market and are usually purchased.
War Risk rates follow London scale. Third Party Liability coverage for yachts is compulsory. The information provided has been compiled from published sources. However, insurance legislation may change and you are advised to seek independent professional advice. No warranty, express or implied is given as to the accuracy of such information.