In the shipping business, the risk is inherent and cargo’s safe passage and protection are critical. No matter the type of cargo, if it ends up in the water it can incur high costs in the form of cleanup, legal damages and third-party property damage and loss, for example. Cargo pollution protection is a marine insurance option that can bring you peace of mind.
Legal Liability Protection
The marine insurance experts at www.wqis.com/ report that cargo pollution protection programs can cover cargo owners’ legal liability “arising from the spill or threat of a spill from their cargo and from a vessel.” This coverage not only protects cargo owners and vessel operators, but also the sea and marine environment from solid wastes, oil spills, and other pollutants.
Cargo pollution protection is available to a wide range of marine industry members. Many of today’s leading marine insurance providers offer programs for the following stakeholders:
- Cargo owners and transporters
- Crude iron and oil industries
- Marina owners and operators
- Public vessels
- Shipyard builders
- Vessel owners and operators
If your business is in the market for cargo pollution protection, look for a leading vessel pollution liability insurance provider. In your search, ask potential providers about their standing and reputation in the marine insurance market and about their experience in providing coverage, pollution guarantees, and cleanup services.