Ship Repairers’ Liability

Ship Repairers’ Liability insurance provides essential coverage for businesses involved in repairing and maintaining vessels. This insurance safeguards against liability claims arising from damage to vessels during repair or maintenance activities, ensuring that repairers are protected financially from potential lawsuits. Moreover, the policy covers bodily injury or property damage resulting from the repairer's operations, offering a safety net for unforeseen accidents that may occur on the job. Additionally, Ship Repairers’ Liability insurance includes coverage for legal defense costs, which can be substantial in the event of a liability claim, allowing repairers to focus on their business operations without the burden of legal expenses.

Furthermore, extension coverage under Ship Repairers’ Liability insurance includes Contractual Liability coverage to address liabilities assumed by the repairer under repair agreements. This extension provides an added layer of protection for repairers, ensuring that they are not held liable for damages beyond the scope of their responsibilities. Moreover, the policy covers damage to third-party properties while in the care, custody, and control of the repairer, mitigating risks associated with potential property damage during repair activities. Additionally, Products Liability coverage included in Ship Repairers’ Liability insurance safeguards repairers against claims related to parts or components supplied by them for use in vessel repairs, offering comprehensive protection against potential liabilities that may arise from the use of such products.

AMG can provide customized insurance solutions based on the specific needs and risk profile of the business, ensuring comprehensive coverage.