Review Your Insurance Policies on a Regular Basis

ship repairers insurance programs

When you receive notice of a lawsuit against your maritime company, along with one of the ship repairers in your employ, that’s the wrong time to start looking into ship repairers insurance programs. Ship repairers provide their knowledge, technical ability and skills to every aspect of the marine industry, and if your business builds, repairs or maintains boats, you have at least one ship repairer working for you. Smart business owners guard their assets with the right insurance coverage, and that extends to their employees. You’ve worked hard to get your company to where it is today, so make sure your insurance policies include coverage for your ship repairers.

In addition to employee coverage, such as Workers Compensation and the Jones Act, ship repairers insurance programs include coverage for property and liability, as well. A property coverage policy for your business protects you in the event of the loss of or damage to your tools, lifts and equipment. This important protection also includes such varied things as business income, real property and boat shows. Liability coverage, on the other hand, helps cover the costs of lawsuits and includes areas like general liability, commercial automobile and bumbershoot. Reviewing your business’ insurance policies on a regular basis is a great way to ensure your firm has the correct coverage in place before you need it.

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