As a ship repairer, you provide a vital service to boating enthusiasts. It is important to protect your business from potential accidents by having insurance coverage for multiple scenarios.

1. Damage to Vessels in Transit

Despite all precautions, ships you are repairing may sustain damage outside your facility. For example, an accident may occur while you are towing the ship to or from your facility or taking it on a test run. In these situations, you must have legal liability ship repairer insurance to cover the damages.

2. Fuel and Chemical Spills

Pollution is a significant concern in the marine industry. Damaged vessels and workplace mishaps can release toxic chemicals into the waterway, requiring major cleanup efforts. To protect your business in these situations, you need pollution liability insurance. This covers cleanup costs and personal injury or property damage claims resulting from the pollution incident.

3. Damages Resulting From Faulty Repairs

Quality service is your highest priority, but sometimes mistakes happen. Faulty repairs can lead to further damage and even injury. In these cases, you need products completed operations liability coverage. For example, if you fail to repair a ship’s mast properly and it collapses, tearing the sail and injuring a passenger, this insurance covers the resulting medical expenses and the cost of the damaged sail.

The marine industry has many unique risks and liabilities. As a ship repairer, it is important to understand the types of insurance coverage you need to protect your assets and your reputation.