There are unique risks associated with almost every type of business. If you are an employer who operates an establishment on or near a large body of water, for example, then you definitely need to take extra time to find the insurance coverage that suits your industry. To keep your workers, clients, and company assets protected, then you might want to take a closer look at various options related to your industry like the United States Longshore & Harbor Act.

Insurance Required by the Government

Understanding USL&H coverage is not always as straightforward as many business owners would hope. The gaps created by the United States Longshore & Harbor Act can create many issues with typical insurance coverages such as workers’ compensation. Whether you own an establishment that builds ships or your work exclusively revolves around repairing local docks, the federal government requires businesses operating on or near large bodies of water to take out additional insurance protection. Businesses that do not comply are subject to major fines. Common organizations requiring this insurance include:

• Marina owners
• Dock and ship repairers
• Contractors and artisans

Protection Against Common Risks

Seeing success with your business begins by taking out a comprehensive insurance policy that keeps your assets protected in the face of common industry risks. To ensure you cover all your bases, take a closer look at the United States Longshore & Harbor Act and understand the requirements.