Marine Liability Insurance NZ

What is Marine Liability Insurance?

Marine liability insurance provides essential protection for vessel owners against third-party claims. If your vessel causes injury to someone or damages another person's property, this insurance covers the costs of defending claims and paying damages.

This cover is particularly important given the potential costs involved in marine accidents, which can include significant property damage, personal injury claims, and environmental cleanup costs.

What Does It Cover?

• Third-party bodily injury
• Property damage to third parties
• Pollution liability
• Collision liability
• Legal defence costs
• Wreck removal liability

Who Needs Marine Liability Insurance?

Marine liability insurance is essential for:

• • Commercial fishing vessel operators
• • Charter boat operators
• • Marine transport companies
• • Harbour and port operators

Typical Costs

Marine liability insurance costs vary based on vessel type and operations. Typical costs start from:

• • Small vessels: From $1,000/year
• • Medium vessels: From $2,500/year
• • Large commercial vessels: From $5,000/year