If you are not sure about buying specialized coverage for employees who work on a maritime craft, you are not alone. Some contractors with general liability insurance think they do not need marine coverage. The experts at Merrimac Marine offer three reasons why you need maritime liability.
1. You benefit financially from marine insurance coverage.
General liability protection does not cover marine accidents, so no matter how large or small the company is or what type of marine vessel the employee was working on, a contractor without maritime coverage could face huge expenses.
2. Good marine liability policies cover a number of maritime-focused industries.
The right maritime policy can protect workers in multiple specialized maritime niches.
- Scientific research
- Seismic studies
- Boat and shipbuilding
Some comprehensive marine policies also cover those working on marine craft on the move over open water.
3. You can enjoy peace of mind.
Good marine liability protects you financially by covering employee accidents whether they are on your marine vessel or one owned by someone else. While marine liability is not required by law, having it can give you valuable peace of mind. You can know that you are prepared and financially protected should injuries occur.
If you employ people who work on marine vessels, whether yours or someone else’s, it makes good business sense to invest in marine liability insurance. Good marine policies protect you financially. There is no price you can put on being able to breathe easy and relax, and a good maritime liability policy can help you do just that.