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Ship repairer liability insurance
This type of insurance is essential for shipyards, ship repair facilities, and marine service providers. Coverage can vary, but here are some common aspects of ship repairer liability insurance:
General liability
Protects against bodily injury and property damage claims that may occur on the premises or as a result of your
business operations.
Legal Defence Cost
The insurance policy may cover legal defense costs in the event of a covered claim or lawsuit. This can include
attorney fees, court costs, and other legal expenses
Shipyard's liability
This cover protects from damage to vessels under repair, damage to third-party vessels, and liabilities arising from the ship repair process.
Marine liability
Specifically related to marine activities. It may cover damage to vessels under repair, equipment, or other property, as well as injuries that occur during the repair process.
Pollution liability
Coverage may be included to protect against liabilities arising from accidental spills or releases of pollutants during the repair process.
Products liability
If the ship repairer is involved in manufacturing or supplying products related to the repair process
(such as replacement parts), this coverage may be included to protect against claims related to defects
or failures in those products.