Marine liability insurance is a type of insurance that protects marine suppliers from financial liability in the event of an accident or incident. This can include accidents involving the supplier’s vessels, equipment, or employees. Marine liability insurance can also provide coverage for legal costs incurred in the event of a lawsuit.
Marine liability insurance is important for marine suppliers because it can help to protect their financial assets in the event of an accident or incident. This insurance can also provide peace of mind, knowing that they are financially protected in the event of a lawsuit.