Pollution Liability Insurance
You're covered.
For financial losses and legal liabilities arising from the accidental release of pollutants from a superyacht.
Pollution liability insurance for superyachts is a specialised type of marine insurance that provides coverage for financial losses and legal liabilities arising from the accidental release of pollutants from a superyacht. This type of insurance is crucial for superyacht owners, as it helps mitigate the significant financial and legal risks associated with environmental pollution incidents.
Pollution Liability Insurance
Key Features.
The following shows the standard key features for our Pollution Liability Insurance policies. Yet, at Superyacht Insurance Services, our products and service are anything but standard. We will work with you to design and build a bespoke policy that is uniquely tailored to you and your superyacht.
Coverage for Environmental Cleanup
Spill Response
Covers the costs of immediate response actions required to control, contain, and clean up a pollutant spill, such as oil or hazardous substances.
Environmental Remediation
Provides coverage for longer-term environmental cleanup efforts, including soil and water remediation.
Third-Party Liability
Bodily Injury
Covers legal liabilities for bodily injuries sustained by third parties as a result of pollution from the superyacht.
Property Damage
Covers liabilities for damages to third-party property caused by pollutants released from the superyacht.
Legal Defence Costs
Defence Expenses
Covers the legal expenses incurred in defending against pollution-related claims, including lawyer fees and court costs.
Settlements and Judgments
Provides coverage for settlements and court-awarded damages related to pollution incidents.
Fines and Penalties
Regulatory Fines
Covers fines and penalties imposed by regulatory authorities due to environmental violations, subject to policy terms and conditions.
Civil Penalties
Includes coverage for civil penalties that may be imposed as a result of pollution incidents.
Natural Resource Damage
Restoration Costs
Covers the costs of restoring natural resources damaged by the pollution incident, as required by environmental laws and regulations.
In conclusion.
Let's talk.
Pollution Liability Insurance is a critical component of a comprehensive insurance program for superyacht owners, providing essential protection against the financial and legal risks associated with environmental pollution incidents. By securing this type of insurance, superyacht owners can safeguard their investments, ensure compliance with environmental regulations, and demonstrate a commitment to environmental stewardship, all while enjoying peace of mind on their voyages. If you’d like to arrange cover, please get in touch.
