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5 Insurance Coverages Every Harbor Master Should Know. Does anyone know how insurance started? Edward Lloyd’s coffee house was a gathering place for ship owners and sailors Ship owners were experiencing huge losses when a vessel would wreck or disappear

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Does anyone know how insurance started?
  • Edward Lloyd’s 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
the 5 coverages
The 5 Coverages
  • Marine General Liability
  • Care, Custody & Control policies
  • P&I and Hull
  • Pollution
  • Miscellaneous others
how do you manage risk
How do you Manage Risk?
  • Avoidance
  • Loss Prevention
  • Transfer of Risk
  • Combination of any of the Three
commercial general liability
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
marine general liability
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
    • 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
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?
Boat Grid
    • Do you have an engineering report?
    • Signage updated and visible?
  • Ladder’s
    • Are the ladders safe and secure?
    • Is there a maintenance schedule?
  • Ramps
    • Do you cover the ramp?
    • Traction Surface
    • Maintenance Schedule
  • 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 doesn’t have insurance or doesn’t have enough insurance, the harbor is going to end up getting involved.
  • 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?
care custody control
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
example of ccc
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
ship repairer s legal liability
Ship Repairer’s 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
Who Needs Ship Repair’s 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
wharfinger s legal liability
Wharfinger’s 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
Who needs Wharfinger’s Legal Liability?
    • City Docks, Marina’s, Waterfront Restaurant a lodge that owns their own dock, etc.
    • If you store, moor or dock the vessel you need coverage
terminal operator s stevedore s legal liability
Terminal Operator’s & Stevedore’s Legal Liability
  • Terminal Operators – Damage to property stored such as cargo, containers
  • Stevedore’s - 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
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
marina operators legal liability
Marina Operators Legal Liability
  • Provides legal liability coverage for:
    • Repair, alteration & maintenance
    • Storage: ashore & afloat
    • Hauling & launching
    • Fueling
    • Pump Out
p i and hull
P&I and Hull
  • Liability on the vessel
  • Physical damage to the hull
  • Wreck removal
  • 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
miscellaneous coverages
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