In a complex operating environment where precision is key, even the best preparation and efforts can go awry, resulting in a loss or a claim.
If a third party suffers loss or damages as a result of a mistake made by a professional or the failure to exercise the required skill in providing a professional service, the financial consequences can be devastating.
Marine Professional Liability coverage protects a wide range of organizations and their professionals involved in marine- related trades. From shipbuilding, marine surveyors and engineers to rig builders, naval architects and oil and gas offshore consultants, a professional indemnity policy covers against financial liability arising from a breach of professional duties committed in the conduct of business. It also covers the costs and expenses of defending such claims.
Types of jobs that are typically covered:
Coverages are underwritten by Beazley syndicates at Lloyd’s of London and one of the largest and most respected marine and energy insurers in the Lloyd’s market. Together with its expertise as a leading insurer of specialist professional risks, Beazley has designed a policy that is focused exclusively on the needs of offshore and marine professionals.
The Aon Difference
As the largest insurance broker and risk management advisor in the world, Aon uses its significant expertise and market leverage to develop distinctive solutions for marine risks. As active members in many marine trade association groups, Aon’s dedicated marine team has the experience, resources and the industry knowledge – backed by the combined expertise of 66,000 Aon professionals in 500 offices around the world – to help your business and empower results.