Navigating the complex landscape of Marine insurance requires a partner with in-depth expertise in the maritime sector. There are a number of complexities and challenges associated with this sector and with unique risks come unique insurance requirements, making it essential for businesses to have a comprehensive understanding of the coverages available to them.

Watkin Davies Insurance Consultants Ltd, an industry expert with a wealth of experience, can guide you through the intricacies of specialist covers, ensuring complete protection for your Company.

Ship Repairers Legal Liability Insurance

Ship Repairers Legal Liability Insurance provides essential protection for marine engineering companies. This coverage protects your business against claims arising from damage or loss to vessels or equipment under your care, custody, or control, as well as potential bodily injury to third parties.

Contractual Liability Insurance

Marine Engineering and Oil & Gas contractors often enter into complex contracts that outline various obligations and indemnification clauses. Contractual Liability Insurance plays a pivotal role in mitigating and managing the risks associated with these agreements. With bespoke solutions tailored to the unique needs of your business, Watkin Davies Insurance Consultants Ltd can help you navigate the intricacies of your contractual liability exposures.

Pollution Liability Insurance

The Marine sector is susceptible to environmental risks and the increasing scrutiny of environmental regulations. Pollution Liability Insurance is critical in addressing these concerns, providing coverage for the legal liabilities arising from accidental pollution incidents. This coverage can encompass both sudden and gradual pollution, ensuring that your business is protected against claims for property damage, cleanup costs, and bodily injury resulting from pollution events.

Marine Liability Insurance

Marine liability insurance is crucial for Port and Terminal operators. It covers legal liabilities arising from bodily injury, property damage, and pollution incidents caused by your operations. This policy can include coverage for terminal operators' liability, stevedore's liability, and wharfinger's liability, ensuring you are protected against a wide range of potential claims.

Port and Terminal Property Insurance

Port and terminal property insurance covers physical damage to your buildings, equipment, and other assets, including warehouses, cranes, and berthing infrastructure. This coverage can be extended to include business interruption insurance, which provides financial protection in the event that an insured peril disrupts your operations and causes a loss of income.

Marine Cargo Insurance

Marine cargo insurance is essential for protecting goods while they are stored, handled, or transported within your facility. This coverage offers protection against physical loss or damage to cargo due to external causes such as fire, theft, collision, and natural disasters.

Hull and Machinery Insurance

Hull and machinery insurance is vital for port and terminal operators who own or operate vessels. It covers physical damage to the vessels' hull, machinery, and equipment, as well as any associated costs, such as salvage or repair expenses.

Protection and Indemnity (P&I) Insurance

P&I insurance is a form of marine liability coverage specifically designed for vessel owners and operators. It covers a wide range of liabilities, including crew injury, illness, or death, collision with other vessels, and damage to third-party property. It's important to note that P&I insurance is typically provided by specialised P&I clubs and not standard insurance carriers.

In the ever-evolving landscape of the Marine industry, having a comprehensive and tailored insurance program is critical in managing risks and ensuring business continuity.

Watkin Davies Insurance Consultants Ltd offers effective and bespoke risk transfer solutions that cater to your unique requirements. By partnering with us, you can rest assured that your organisation is well-equipped to thrive in the challenging waters of these industries.