Business Insurance Commercial Marine Hull

Commercial Marine Hull InsuranceWhat does it typically cover?

• Physical damage to the vessel caused by accidents, collisions, grounding, sinking, fire, storms, or other covered incidents.
• Your legal liability to third parties arising from the ownership and use of the vessel.

The policy can be extended to include: 

• Statutory liability
  Providing cover for the unintentional breach of
  • The Resource Management Act 1991 
  • The Health & Safety in Employment Act 1992 
  • The Maritime Act 1994

• Loss of earnings
  Providing cover for loss of earnings where the vessel is prevented from earning charter fees or similar as a result of an insurable claim arising from loss or damage to the vessel.

Commercial Marine Hull InsuranceWho should consider it?

Companies engaged in commercial maritime operations should consider this insurance to protect their vessels and mitigate financial losses in the event of loss or damage.

If you would like to find out if Commercial Marine Hull Insurance is right for your business, contact our team of insurance specialists today.

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