Brown water vessels such as towboats, riverboats, pusher boats, ferries, tugboats and dredgers play a crucial role in the transportation and commerce of goods and people in regions where access to deepwater ports may be limited or where inland waterways provide a cost-effective means of transportation.
Brown Water Commercial Vessel Insurance includes specific types of coverage to address the diverse risks faced by owners and operators, helping to mitigate financial losses and liabilities resulting from accidents, injuries, property damage, pollution incidents, and other unforeseen events.
Hull and Machinery Insurance: This coverage protects against physical damage to the vessel itself, including damage from accidents, collisions, grounding, fire, and weather-related perils.
Protection and Indemnity (P&I) Insurance: Covers third-party liabilities arising from the operation of the vessel, such as bodily injury, property damage, pollution liability, wreck removal, and legal defense costs.
Pollution Liability Insurance: This insurance provides coverage for costs associated with pollution cleanup and damages resulting from oil spills, fuel leaks, hazardous substance releases, or other pollution incidents.
Cargo Insurance: Cargo insurance protects against loss or damage to the cargo being transported by the vessel, including goods, merchandise, or other cargo items.
Towing and Salvage Insurance: Covers liabilities and expenses associated with towing operations, salvage operations, and assistance rendered to distressed vessels.
Marine General Liability Insurance: Provides broad liability coverage for various risks associated with vessel operations, including bodily injury, property damage, contractual liabilities, and other liabilities not covered by P&I insurance.
Crew Insurance: Covers medical expenses, disability benefits, and death benefits for crew members in case of injury, illness, or death while on duty.
Maritime Employers' Liability Insurance: MEL insurance protects against claims brought by employees for work-related injuries or illnesses that are not covered by workers' compensation insurance.
Business Interruption Insurance: Provides coverage for lost income and extra expenses incurred due to a covered event that disrupts business operations, such as vessel damage or loss.
Legal Liability Insurance: Covers legal expenses and damages resulting from lawsuits or legal claims brought against the owner or operator of the vessel, including defense costs and settlement payments.