Marine business is exposed to plenty of risks some of which can not even be avoided, but they still can be covered. Do you want to know how? The answer is getting proper insurance for your shipyard and maritime business. There are several Insurance brokers in India with great expertise in the marine industry such as First Policy Insurance Brokers Private Limited.

Marine insurance covers losses or damages caused to ships, cargo, and terminals. It is the complete coverage of any possible loss that can drive your financial as well as operational aspects of the business.

Following are the top 3 reasons why you should consider insurance for your marine business.

1. Cost-Effective

Watercraft and seafaring vessels are extremely prone to accidents. Not only that, but they are also very expensive!

Be it for maintenance or to remedy the result of an accident, these repairs can  burn a significant hole through your resources if you are not adequately covered!

2. Ensures Focus on Other Key Aspects of Business

If you are involved in the marine industry, you must be well aware of the daily stress that is part and parcel of the business.

When you are equipped with the right type of marine insurance plan, you can dedicate your time towards getting work done and not about how you will pay for the damages that your vessel has incurred.

3. Liability Coverage

If you’re found to be the one who is at fault for an accident which involves another vessel or person, you’ll be needing liability insurance to take care of the damages and legal costs associated with this accident. Given the extremely expensive nature of boat accidents, liability insurance is a very important type of coverage and a great advantage of having a well-designed marine insurance plan customized for your needs.

If you are involved in the marine industry, marine insurance plans can safeguard you against main risks which your business faces while also making sure that you can dedicate your time towards running a successful business and not on insurance concerns.


First Policy is a very capable insurance broker in India with immense experience and expertise to deal with real situations and have a risk management program planned and customized structurally for your marine business.

Related Posts