|
To
discuss your Marine Liability Insurance with one of our
professional commercial lines representatives
today, call 905-886-5630 or
toll free at 1-800-567-1279,
or fill out the online quote
form.
Marine Liability exposures may include any of the following:
Ship Repairers
Many repairers have their own yards where all repair work is performed.
In some instances, repairs can be accomplished at the pier or
wharf where the vessel is located.
Stevedore's Legal Liability
Under a CGL (Casualty Policy) a stevedore can obtain coverage
for many of the exposures encountered; however, the Care, Custody
and Control exclusion in that policy does not give him protection
for damage to the area of the ship or the dock in which the stevedore
may be working. In order to provide this coverage, the Stevedores
Liability policy was established.
This type of coverage is designed to cover the Insured's liability
for loss or damage to ships and their cargoes and damage to wharves,
piers and docks while the ship is being loaded and unloaded.
Terminal Operators Legal Liability
The prime purpose of this type of insurance is to provide coverage
against liability for loss or damage to cargo on docks, piers,
wharves or terminals while in the custody of the terminal, dock,
wharf, or pier operator. Freight terminals may be operated by
steamship companies, port authorities or virtually any owner or
lessee of waterfront property.
At the terminal, vessels can dock and cargo can be loaded, unloaded,
and/or temporarily held in storage awaiting further transit. Frequently,
the Terminal Operator's coverage will extend to include the loading
and unloading. A further element of exposure might be his obligation
to provide safe berth for vessels. This type of liability cover
is frequently all-inclusive and there may be overlapping of coverages
with the Comprehensive General Liability policy.
The Terminal Operator's Policy form must be designed to provide
clear-cut coverages and specific exclusions. Throughout the market
there are countless forms in use and all are tailor made to suit
the specific need of the specific Terminal Operator.
Wharf Owners Liability
This insurance is designed to cover the client's liability for
physical loss or damage to vessels, equipment and their cargoes,
freight or other interest while in the Insured's custody at landing
or mooring facilities owned or operated by the Insured.
Marina Operator's Legal Liability
This coverage is designed to protect the Marina Operator for property
damage which may occur to private pleasure vessels in his care,
custody and control. Covered operations of the Insured are as
follows:
- Repair
- Alteration
- Service
-
Maintenance
|
- Storage
- Mooring
- Hauling
or launching
- Fueling
|
This
type of insurance is an extended cover of the SRLL, that is to say,
besides including the Legal Liability of the Insured for operations
arising out of repairs, it also covers storage and mooring.
Boat Dealer's
The policy is designed to provide coverage on boats demonstrated
on the water for a prospective buyer as well as those vessels transported
from the manufacturer for the purpose of sale. This type of coverage
is usually written together with a Marina Operators Legal
Liability policy.
Charter's Legal Liability
The coverage insures a vessel charter against his legal liabilities
to third parties arising out of his negligence and for which he
is responsible under the charter party signed between himself and
the ship owner, subject to the various limitations in the insuring
conditions. The three types of charter's legal liability policies
include: Time, Voyage, and Bare boat (Demise).
Excess Coverages
Coverages provided under this category, usually follow the original
primary policies. Common classes of risks associated with this type
of coverage include the following:
- Protection
and Indemnity
- Charter's
Legal Liability
- Wharf
Owners Legal Liability
- Stevedore's
Legal Liability
- Ship
Repairer's Legal Liability
|
|
