What You Need To Know About Insuring Your Maritime Business

Merrimac Marine

While adequate insurance coverage is an important concern for any business, maritime businesses have special additional concerns that should always be taken into consideration when putting together a policy. Maritime Employer’s Liability (MEL) coverage, in particular, ensures that both you and your team are thoroughly protected by the right solutions.

What Is Maritime Employer’s Liability (MEL)?

As explained by Merrimac Marine, MEL is a type of maritime insurance coverage that occupies an important middle ground between the worker’s compensation any business owner would be familiar with and the marine-specific policies a maritime business owner in particular needs to be aware of. Types of services that can be covered under a MEL policy include:
Drilling
Maritime construction
Seismic research and other scientific studies
Contract work performed aboard active vessels

Without MEL, your maritime business may not be completely covered should your company ever be held liable for injuries, deaths, or other mishaps that may occur as a result of doing business.

Where To Seek Coverage

When insuring a maritime business, it’s important to make sure you’re trusting the process to an expert. For best results, choose an insurance company that specializes strictly in marine business coverage. It’s the best way to make sure you’re properly advised and completely protected going forward. Explore the possibilities today, and rest easy knowing your maritime business is in the right hands.

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