Operating in the marine industry comes with unique risks, from vessel operations and cargo transportation to third-party liabilities. Whether you’re a vessel operator, cargo company, or marine business, having the right Marine Liability Insurance is essential to safeguarding your operations.
Without adequate coverage, unexpected incidents—such as property damage, personal injury, or environmental hazards—could result in significant financial losses and legal challenges.
At Coverforce, our expert marine insurance brokers can help you secure a tailored marine liability insurance policy that protects against these risks. Whether you need coverage for commercial boat insurance, marine cargo insurance, or third-party liability, we provide comprehensive solutions designed to keep your business secure.
What does Marine Liability Insurance cover?
Marine Liability Insurance provides essential protection for businesses operating in the marine industry, covering a wide range of risks associated with vessel operations, cargo handling, and third-party liabilities.
A Marine Liability Insurance policy typically provides cover for:
- Public and Third-Party Liability
- Cargo Liability
- Employer's Liability
- Pollution Liability
- Wreck Removal
- Legal Costs and Defense
Protection and Indemnity Insurance
Standard Public and Products Liability insurance typically excludes liability related to the use or navigation of Watercraft. Therefore, Protection and Indemnity Insurance cover can fill this gap by offering:
- Coverage for crew injuries where not covered by Workerss Compensation or Seafarers Liability
- Coverage for deviation expenses incurred during emergency situations
- Coverage for legal assistance and defence costs, which are often excluded from standard policies but are considered to be a necessity for Commercial marine operators.
For businesses involved in high-risk marine operations, Coverforce can also negotiate ‘Specialist Operations Coverage’, for those involved in works such as navigational marker maintenance, seabed/seafloor works and subsea pipe laying.
Find out more about Protection and Indemnity Insurance here.
Do I need Marine Liability Insurance?
If your business operates in the marine industry, you may be exposed to significant risks and unforeseen events that could result in financial loss or legal action.
Some professions and business types that could benefit from a Marine Liability Insurance policy are:
- Ship Repairers
- Import/Export Marine Business
- Private Yacht Owners
- Port Operator (Slipways and Marina’s)
- Charter Service Operators
How Coverforce can help
With a solid understanding of your industry and the specific risks you face, our specialist insurance brokers at Coverforce will deliver expert risk advice and reliable protection for your marine business at highly competitive rates. For more information or to arrange cover, please contact our specialised team at your local Coverforce Office.
Request a quote online
Alternatively, you can simply request a quote online and one of our insurance brokers will get in touch with you within one business day.
- If you would like to insure a one-time/single shipment, please lodge an online quote form with our Coverfreight team here.
- If you need to make regular shipments throughout the year, please fill out the Marine Liability Quote Form below.
