What Is Marine Insurance Coverage?

Marine insurance is designed to mitigate risks associated with maritime activities, safeguarding against loss or damage to ships, cargo, terminals and any transport by which goods are transferred, acquired or held between points of origin and final destinations. Tanenbaum Harber Insurance Group in Miramar, Florida, provides comprehensive solutions to meet the diverse needs of marine operations.

The Three Main Types of Marine Insurance

Marine insurance encompasses various policies to address the unique challenges of maritime activities. The following are the three main types of marine insurance:

• Hull coverage may help pay to repair or replace the vessel after covered physical damage. This is crucial for shipowners and operators, covering damage to the ship caused by a wide range of maritime risks.
• Cargo insurance helps ensure the safety of goods being transported. This coverage is essential for businesses that ship products, as it may help provide financial protection against damage or losses during transit.
• Marine liability insurance may help protect against legal liabilities arising from the operation of a ship, including liabilities for bodily injury or property damage to third parties.

How to Get Marine Insurance

Securing marine insurance requires thoroughly understanding your company’s risks and coverage needs. Work with insurance professionals who specialize in marine coverage like Tanenbaum Harber Insurance Group. Their expertise can guide you to the right policies for your business.

Choosing the right marine insurance policy is critical for businesses engaged in maritime activities. It’s essential to partner with an insurer who understands the complexities of marine risks and can offer tailored solutions.

Contact Us

Contact Tanenbaum Harber Insurance Group in Miramar, Florida, for expert advice and customized marine insurance solutions. Our team is ready to assist you in navigating the complexities of marine insurance, ensuring your operations are well-protected against the unpredictable nature of maritime activities.