Marine Practice

First in Protecting, You and Your Vessel.

Marine surveyors are held in high regard in the marine industry because of the important role they play for vessel owners. A cruise line that wants to determine the seaworthiness of a new cruise ship needs a marine surveyor with excellent credentials and whose professional judgment and assessment can be trusted before sending the new ship out to sea.

If the surveyor makes a mistake, the results could be titanic.

To become one of our valued clients, please complete our quick online questionnaire or call us at (888) 588-7347.

What Does Marine Practice Cover?

Marine surveyors are held in high regard in the marine industry because of the important role they play for vessel owners. A cruise line that wants to determine the seaworthiness of a new cruise ship needs a marine surveyor with excellent credentials and whose professional judgment and assessment can be trusted before sending the new ship out to sea.

If the surveyor makes a mistake, the results could be titanic.

A marine surveyor’s job is complex and requires training, skill and expertise. Your clients — a cruise line, an oil company or a celebrity purchasing a yacht — expect your services to be accurate and reliable. If an insurance company hires you to evaluate vessel damage after an accident or to certify that a particular vessel is seaworthy, it is your job to perform your duties with competence and skill so that a claim can be validated or a transaction can be completed.

Oversights, mistakes and omissions, such as the following, can have serious consequences for everyone involved:

  • Providing an erroneous description of a vessel
  • Providing an erroneous description of a vessel’s condition
  • Providing an erroneous description of cargo
  • Sending confidential report findings to the wrong entity
  • Providing incomplete reporting
  • Failing to complete a report as promised, or on time

You can be sued if your failure causes a financial loss for a client. In order to protect your marine surveying business, you need professional liability insurance, or errors and omissions insurance.

Errors and omissions (E&O) insurance protects professionals, their partners, their employees, and the partnership or corporation from damages caused by failures in professional services. It pays for your legal defense as well as court costs and any settlements or judgments that you must pay if you are sued.

Options for You.

You likely need a variety of additional business insurance policies to protect your marine surveying firm. Your Trusted Choice agent can help you determine if you need the following types of coverage:

  • Commercial general liability insurance
  • Commercial property insurance
  • Business interruption coverage
  • Inland marine coverage
  • Commercial auto insurance
  • Employment practices liability insurance
  • Cyber liability insurance
  • Employee theft and crime coverage
  • Commercial umbrella insurance

You may also need special coverage or endorsements designed specifically for maritime businesses. An independent insurance agent can help you find all of the coverage you need.

A Note About Workers' Compensation Insurance for Marine Surveyors.

Your employees may work in dangerous conditions on land and in or near bodies of water. Marine surveyors need workers’ compensation insurance to protect employees from the cost of work-related injuries and illnesses.

Some of your employees may be subject to the Longshore and Harbor Workers’ Compensation Act. This is a federal workers’ compensation act that applies in very specific circumstances for certain types of maritime employees. Like workers’ compensation insurance, it covers the cost of medical care for employees who are injured or disabled while working on the navigable waters of the United States or in adjoining areas used in loading, unloading, repairing or building a vessel.

Whether or not your employees are covered by this Act — rather than standard workers’ compensation insurance offered in your state — relies upon two relatively complex “tests” based on the nature of the employees’ work and the location of the work. You may have certain employees who are covered under the Act and others who are not.

Call Us at 425 242 5357