Posts Tagged ‘Marine Surveyor’

Professional Insurance for Marine Surveyors

Marine Surveyors

As a surveyor of marine vessels, your reputation and the quality of your work are of utmost importance, because boat buyers rely on your assessment to know the facts about the investment they are about to make. From maintenance issues and necessary equipment overhauls to market value, the information they get from you plays a major role in their decision to make an investment or to let a deal fall through. If you work with commercial customers who regularly buy and sell vessels, it can even be the basis of professional relationships that provide for a lot of your repeat business. That’s why you need professional liability insurance that will protect you and your customers in the event of a problem that you bear some liability for.

Industry-Specific Professional Insurance

Professional liability insurance is at its most useful when it is crafted to suit a specific industry, rather than trying to generalize risks. That means your best policies will be from marine surveyor insurance providers with a history of providing for the industry. It’s especially helpful if they have experience with both surveyors and also several other types of marine business because it shows they understand both your business model and that of your likely commercial clients. The more your insurer understands about how your industry works, the more useful, specific, and cost-effective their policies can be.