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Who needs Marine Liability Insurance?

This policy is specially designed to cover carriers, forwarders, wharfingers, stevedores, ship repairers & owners of vessels against the legal liabilities they may incur in their Maritime Trade.

Why should you take out Marine Liability Insurance?

All people working in the Maritime Trade can potentially cause property damage or bodily injury to third parties if they are negligent.  The losses caused could be small & easy to compensate for, or when dealing with large items such as ships & cargo, they could be enormous.  We have seen time & time again that often the worst disasters are caused by the most miniscule of oversights.  Marine Liability Insurance costs a fraction of the price of having to compensate the large losses which could be caused. 

How much does Marine Liability Insurance cost?

We have a large book of clients with many different insurance companies, so we will be able to find the most beneficial policy with the cheapest premiums for your business.

Typical Claims incurred on Marine Liability Insurance

The most common claims on Marine Liability Insurance policies tend to be caused by either pumping water into the ship to quench a fire (often damaging the cargo), jettisoning cargo in order to lighten a ship which is stranded or sinking, or a mechanical or electrical failure resulting in the ship having to be towed to the port.    

The more expensive claims occur when passengers are injured or their luggage is lost or damaged.

The more rare but most devastating claims incur when the vessels sink.

What other insurance should be considered along with Marine Liability Insurance?

Remember that we can also insure the vessel, the cargo, the loading and offloading equipment, the items kept on the vessel plus accident or travel insurance for the crew and guests. See Stock Throughput, Cargo Insurance, Group Personal Accident Insurance

GET A QUOTATION:

Click here to send us an e-mail requesting a quote -> insurance@barrington.co.za   

We will e-mail you a quotation as soon as possible.

Contact details will be kept confidential and will not be used in any way other than as described above and will not be shared with any other parties.