Marine general liability, a necessity for marine businesses Insurance coverage for property damage and injuries that occur in marine settings. Marine general liability, a necessity for marine businesses Your business is unique. Your insurance broker should be too! Whether installing navigation equipment on a yacht or welding on a cruise ship, you may need marine general liability insurance. MHG’s insurance professionals have provided specialist insurance advice for the maritime industry for over 30 years. We understand the insurance requirements and regulations of the industry, and we’ll also identify potential risk exposures so that you can feel confident that your business is insured correctly.
What is marine general liability? Even with the best intentions, accidents happen. What is marine general liability? If you are a ship repairer performing alterations on a vessel or a stevedore loading and unloading cargo from a ship, you must carry the correct type of insurance. Marine general liability protects against accidents or injuries, property damage, and pollution liability occurring on or near the water or in another marine setting. This type of policy is critical for ship repairers as it includes coverage for damage to property while in the insured’s care, custody, and control. Common marine general liability claims include slip and falls, property damage, and environmental damage.
What is the difference between marine general liability and commercial general liability? Marine vs land-based operations. What is the difference between marine general liability and commercial general liability? Marine general liability insurance is third-party liability coverage designed specifically for companies working in a marine environment including onboard ships, marinas, docks, and piers. This type of policy protects against bodily harm and property damage and can be customized to the client’s specific requirements. Marine general liability is designed to cover any damage in the insured’s care, custody, and control, which is excluded under a standard Commercial general liability policy. Commercial general liability insurance is designed for land-based operations and provides coverage for customer injuries, property damage, reputational harm to your business, and copyright infringement. Commercial general liability typically excludes coverage for any work done in a marine setting. Wherever your next job takes you, let MHG’s insurance specialists ensure you have the right coverage in place.
Who needs marine general liability? Meets the unique needs of marine-based businesses around the world. Who needs marine general liability? MHG has extensive experience writing tailored marine general liability coverage for all types of marine trades and marine artisans that are fully compliant with the requirements of the marine industry. Coverage can be tailored for all marine trades including: Ship repairers Marine contractors Stevedores Wharfingers Terminal operators Marina operators Charter boat operators