Tag: Property Damage

Insurance for the Contractors Who Repair Ships

marine contractors insurance

If your business is taking care of ships when they need maintenance and repair, you need insurance that understands what you do. General business insurance with one-size-fits-all language tries hard to be inclusive, but without terms that speak to the nature of your industry, how can you have peace of mind about what your coverage does? That’s why you need an insurer whose focus allows the company to really serve those looking for marine contractors insurance.

Ship Repair Liability? Covered in the Shop and Outside

Your coverage needs to go everyplace you have liability for the performance of your work, and that means it needs to extend well past your front door.

Coverage for property damage due to workmanship issues
Liability coverage for injury and death to third parties
Liability coverage for third-party property damages where your work assigns you liability

If your insurer can’t speak to you in the terms that reflect your day to day experience with customers, it’s time to find someone whose policy language and communication style are a perfect fit. That way, you’ll know you have coverage for all the foreseeable situations that are part of doing business when you repair ships. It doesn’t matter if you’re in a boatyard or working in an independent workshop, the right insurer will be able to take care of your marine contractor’s insurance needs.

Insurance Coverage for Marinas

california marina insurance

Living in California has many benefits. From the incredible weather to world class arts and culture, California has a great deal to offer. And if youre lucky enough to own a marina along the coastline, you might be the envy of all your friends. That could change quickly, however, unless you have a great California marina insurance policy.

Marina owners have an increased level of risk thats associated with living and/or working on the water. If you own a marina, youll want to look carefully at all of the relevant policy options that are available to you.

Commercial General Liability

This could be the most extensive portion of your policy. You want to ensure you have sufficient protection from anything that could be seen as your responsibility. This is especially critical when youre renting out dock space to others.

Property Damage

This coverage is critical because you may be held financially responsible for any damage thats caused to your property if the person causing the damage is uninsured. Property includes facilities, but you probably also want coverage on other kinds of marina-related property.

Docks
Piers
Wharves
Boats

Protection and Indemnity

This is another important component of California marina insurance coverage, which is specifically related to watercraft. It will protect you from both bodily injury and property damage thats caused by a boat.