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 AIG Australia > For Businesses > Liabilities > Marine
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What is it?
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Marine Liability Insurance protects businesses within the marine industry such as
ship owners, cargo handling facilities, operators and port authorities to name but
a few. It offers protection to businesses against the financial consequences of
being sued by third parties.
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Why do you need it?
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Ship owners, cargo handling facilities, operators, port authorities and others involved
in marine transportation could potentially be held liable for losses. Their risk
increases as international regulators seek to impose ever-stricter minimum standards.
Organisations are also vulnerable to associated liabilities such as the costs of
pollution liability. In the event of pollution, the responsible parties would be
liable for the clean up costs. The financial implications of being held liable could,
in many cases, be severe and damaging to a business.
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Who needs it?
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Ship owners and operators, cargo handling facilities, port authorities and others
involved in marine transportation need Marine Liability Insurance to protect their
business interests.
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Why use AIG Australia ?
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We recognise that every organisation's needs varies substantially in this industry
and our range of products therefore includes both specialist primary insurance and
excess liability programmes. Tailored individual programmes have significant benefits
in that the company obtains the cover it precisely requires, with no overlapping
of protection or potentially costly gaps in cover.
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We have designed marine liability cover to meet the specific needs of all those
involved in the marine transportation industry. We can cover virtually every type
of marine risk, from the simple to the complex. Our worldwide network of offices
allows us to provide hands-on support for our clients, should they suffer a serious
incident, wherever it occurs.
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Find out more
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Contact us
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