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5 Insurance Coverages Every Harbor Master Should Know

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Title: 5 Insurance Coverages Every Harbor Master Should Know


1
5 Insurance Coverages Every Harbor Master Should
Know
2
  • Does anyone know how insurance started?
  • Edward Lloyds coffee house was a gathering place
    for ship owners and sailors
  • Ship owners were experiencing huge losses when a
    vessel would wreck or disappear
  • They started to list out each vessel and each
    person would choose a vessel to put money toward,
    if it was lost or damaged.
  • This was the start of Lloyds of London and
    insurance really started out of the marine market

3
The 5 Coverages
  • Marine General Liability
  • Care, Custody Control policies
  • PI and Hull
  • Pollution
  • Miscellaneous others

4
How do you Manage Risk?
  • Avoidance
  • Loss Prevention
  • Transfer of Risk
  • Combination of any of the Three

5
Commercial General Liability
  • Liability is there to protect you from property
    damage and bodily injury, that you are
    responsible for.
  • It is NOT coverage for
  • Expected or intended injury
  • Watercraft
  • Pollution

6
Marine General Liability
  • Covers third party property damage and bodily
    injury
  • Picks up coverage for operations on docks,
    floats, piers, boats, platforms etc.
  • Provides the specific coverage needed by a harbor

7
  • Cranes
  • Who is allowed to use the crane?
  • Has the crane been modified so that it cannot
    reach maximum lifting capacity
  • What do you have to worry about?
  • Operator error
  • Overloading
  • Maintenance Issues

8
  • Electricity Water
  • Do boat owners know they are responsible for
    making sure power is hooked up and active from
    the dock to the their boat?
  • What do you do in the event of a power outage?
  • Security Issues
  • What are the duties of the night watchman?
  • Do you restrict access to the harbor?

9
  • Boat Grid
  • Do you have an engineering report?
  • Signage updated and visible?
  • Ladders
  • Are the ladders safe and secure?
  • Is there a maintenance schedule?
  • Ramps
  • Do you cover the ramp?
  • Traction Surface
  • Maintenance Schedule

10
Contractors
  • Do you require a certificate of insurance from
    all the contractors doing work on the harbor
    premises?
  • In the event of a claim, if that contractor
    doesnt have insurance or doesnt have enough
    insurance, the harbor is going to end up getting
    involved.

11
Vendors
  • What do you require from vendors that sell their
    product in the harbor?
  • What happens if a customer slips and falls when
    getting off the vessel?

12
Care, Custody Control
  • Includes vessels, cargo, equipment that you are
    responsible for while under your care, custody
    control
  • Most General Liability policies exclude items in
    your CCC unless it is specifically requested back
    on the policy

13
Example of CCC
  • Welder is working on boat and it catches fire and
    is a total loss. The vessel was in his CCC so he
    was responsible for coverage to the vessel

14
Ship Repairers Legal Liability
  • Provides coverage for damage to a watercraft,
    their equipment or cargo while the watercraft is
    in your CCC for the purpose of repair or
    alteration.
  • Excludes storage of a vessel

15
  • Who Needs Ship Repairs Legal Liability?
  • Shipwrights, marine contractors, marine cleaners,
    or any business doing repair or maintenance to a
    vessel.
  • If you repair, maintain or service the vessel you
    need the coverage

16
Wharfingers Legal Liability
  • Coverage for physical loss or damage to a vessel,
    equipment, cargo or freight while in the CCC of
    insured at their landing or mooring facilities

17
  • Who needs Wharfingers Legal Liability?
  • City Docks, Marinas, Waterfront Restaurant a
    lodge that owns their own dock, etc.
  • If you store, moor or dock the vessel you need
    coverage

18
Terminal Operators Stevedores Legal Liability
  • Terminal Operators Damage to property stored
    such as cargo, containers
  • Stevedores - Property damage to watercraft,
    equipment, cargo freight resulting from loading
    or unloading by the insured.
  • Dropping cargo overboard, damage cargo, damage
    vessel, etc.
  • Anything that takes place while loading or
    unloading the vessel

19
  • Who Needs This?
  • Fish Processing Plants, Ferry, Barge Lines, Crane
    Dock
  • Exclusions
  • Loss or damage caused by exceeding the lifting
    capacity of any crane, travel lift or other
    lifting device

20
Marina Operators Legal Liability
  • Provides legal liability coverage for
  • Repair, alteration maintenance
  • Storage ashore afloat
  • Hauling launching
  • Fueling
  • Pump Out

21
PI and Hull
  • Liability on the vessel
  • Physical damage to the hull
  • Wreck removal

22
Pollution
  • What Does a Pollution Policy cover?
  • Clean-up costs
  • Third part property damage
  • Loss of public services
  • Natural resource damage remediation
  • Loss of revenue by third parties
  • Federal Administration penalties
  • Investigation Legal Defense
  • Advertising for Claims
  • Civil Penalties
  • Public Relations
  • Firefighting Salvage

23
Miscellaneous Coverages
  • Property Coverage
  • Docks, cranes, buildings, pumps etc
  • Business Auto
  • Owned vehicles and Non Owned Vehicles
  • Bumbershoot
  • Excess Liability
  • Employees
  • Qualified workers provided with proper equipment
  • Employers Liability
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