Marine Services Liability Insurance in Australia - Chubb

Marine Services Liability Insurance

Cargo loss, hull damage, storage accidents. The Marine industry faces a host of unique challenges whether your operations are based inland or at sea. Chubb’s Marine Services Liability package (MSL) offers comprehensive insurance solutions that covers your business against a range of liabilities.

Coverage Highlights

Market Specialisation

Chubb has a broad appetite to write a wide range of risks for contractors performing maintenance tasks commonly performed by a ship repairer including vessel manufacturing.

Our target market also includes Marina operators who perform services on vessels including but not limited to the provision of:

  • Berths and moorings
  • Fuelling
  • Storage
  • Boating equipment
  • Cleaning
  • Lifting/Carrying equipment
  • Slipway operations
  • Boating information

What it Covers

Chubb’s MSL Insurance provides cover for your business from standard liability exposures, including legal liabilities for personal injury and third party property damage. It also incorporates Ship Repairers liability coverage for contractors that perform maintenance work and those involved in the manufacturing of marine vessels.

Coverage Summary:

  • Liability for third-party personal injury
  • Products liability
  • Liability for damage to property including a vessel and vessel parts
  • Damage includes the full value of the vessel or vessel parts
  • Machinery or equipment removed ashore and property damage to cargo on or discharged from vessels
  • Indemnity for removal of wreck expenses that occur as a result of property damage to a vessel
  • Coverage for consequential loss and legal defence costs
  • Coverage for testing and commissioning – sea trials
  • Statutory liability extension up to $5,000,000

Benefits

This policy is designed to be an effective risk transfer solution for marina operators and contractors that’ll bridge the gap between General Liability cover and Ship Repairers cover required for standard clauses.

This webpage is intended to provide only a general description of the products and associated services offered by Chubb. Any advice on this webpage is general only and does not take into account a potential purchaser’s objectives and financial situation or needs, or the prevailing laws and regulations in the relevant jurisdictions. Please review the relevant Product Disclosure Statement or the QFE Disclosure Statement (where applicable), and the relevant policy wording and consider whether the advice is right for you including the full terms, conditions and exclusions of the relevant policy(ies). Coverages are underwritten by one or more companies of the Chubb Group. Not all coverages are available in all countries where Chubb operates. This webpage is neither an offer nor a solicitation of insurance or reinsurance products. Potential purchasers should contact their local broker or agent for advice. ©2017 Chubb Insurance Australia Limited ABN: 23 001 642 020 AFSL: 239687. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb.

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