Marine Repair Liability Insurance for Artisans of the Seas
While they provide a valuable service to those in the marine industry, marine specialists require marine repair liability insurance to aid them in situations where they may be the target of litigation as a result of clients filing claims citing property damage, failure to make repairs, or causing serious financial losses.
Marine repair includes several services
These denizens of the docks help to repair damage to watercraft and marinas and offer consulting on everything from docks and boats, to slips and wharfs and offer their expertise to many marine-related trades and businesses. Their unique skills help keep the boating industry afloat, helping businesses and boatmen keep their vessels and watercraft in good working order, and with their professional knowledge they can also help by offering a wide range of services, including rigging, painting, welding, fiberglass repair work, marine carpentry, cleaning and engine repair, as well as winterization, electronics installation and other essential boat and dock related work.
Their capabilities are essential to the industry as demonstrated every time a major storm hits coastal areas where owners report serious damage to their vessels and seaside resorts and docks. It is during these times that many artisans are called upon from all over the country to help communities rebuild and repair their marinas.
As anyone who works in the marine repair business knows, it is important to partner with someone who specializes in insuring marine repairers and that is able to provide both, general and specific property and casualty coverages, as well as professional liability insurance, offering products that can step in and aid these valuable artisans when an alleged error or omission occurs during the course of performing professional work for a client.
In addition, they should look into risk management planning, which will help them avoid situations where lawsuits and negligence claims often occur. Risk planning is a major tool for many industries where claims against businesses are most common and the cost to defend against these types of accusations are costly to both the business, and their reputation. Speak to an agent familiar with the risks involved in marine repair and can provide marine repair liability insurance to deal with these types of exposures.