Finding the Best Coverage for Marine Workers When the time comes to take out a policy to insure your business, it can be important to understand the ins and outs of your industry. The unique needs of your establishment should be taken into consideration to produce the best results with your coverage. If you own a business that centers around ship repair, for example, you need to look into USLH insurance. Federal Regulations The United States Longshore & Harbor Act requires all businesses operating on or near navigable waters to have this coverage. This policy covers you in the event of an employee being injured or killed while working. Should your establishment meet the federal requirements of the Longshore & Harbor Act, the policy is considered mandatory for your company’s continued existence. A failure to take out USLH insurance can lead to imprisonment or a fine of up to $10,000. Eligible Workers This type of coverage mainly applies to those who work on or near navigable waters, such as dock workers. However, it does not apply to sailors or those in the employ of specific ships.
There are certain workers excluded from this type of policy including:
Employees of country clubs and recreational facilities
Workers on vessels sized under 18 tons
Aquaculturists and related researchers
Every business has unique requirements when it comes to proper coverage. Look into USLH insurance to see if your business qualifies for this type of policy.