: Commercial Hull Insurance generally includes coverage for both physical damage to an owned or chartered vessel, salvage costs and limited property damage liability (collision and towers' liability) for the operation of that vessel.
Protection & Indemnity (P&I)
provides bodily injury and property damage liability. P&I covers exposures for the owner and the vessels' liability others including the crew of the vessel. P&I policies can include wreck removal.
Commercial General Liability(CGL):
Land-based liability insurance coverage for premises, operations, independent contractors and product / completed operations. Major exclusions include watercraft (covered by P&I policies) and property in the care, custody and/or control of the insured (usually covered by property or legal liability coverages).
There are a variety of coverages that address the different maritime bailee exposures (coverage for other people's property in the care of the insured). The list is self explanatory: Shiprepairers' Legal Liability, Marina Operators' Legal Liability, Terminal Operators' Liability, Stevedores' Liability and Wharfingers' Liability.
Marine General Liability(MGL):
This is a relatively new policy structure which often combines traditional Commercial General Liability with different kinds of maritime liabilities such as. P&I and legal liability.
Bumbershoot Excess Liability:
Marine excess liabilities. Usually provides higher limits over primary liability coverages including general liability, P&I, legal liability, automobile liability, employers' liability etc.
Virtually all standard third-party policies exclude pollution. Coverage can be purchased to include environmental impairment coverage for Vessels.
Covers the statutory obligations of an employer for injuries to employees required by state and (if so endorsed) federal laws. Workers' compensation is (theoretically) simple, but, because of numerous statutes and the maritime liability of a vessel to it's crew, workers' compensation can be expensive and difficult to obtain for the marine trades. Depending upon an employee's job at any particular time, an employer could be liable for injuries under state worker's comp laws, US Longshoremens' and Harborworkers Compensation Act