Marine Industry Combined Liability (MICL) is a liability cover for the marine industry manufacturers and repairers, and can also extend to cover many other marine and non-marine risks. MICL was developed based on real industry need for a single liability cover and combines all areas of marine liability including public liability, products liability, ship repairers’ liability, testing and commissioning liability, and statutory liability.
MICL’s advantage over competing separate marine liability covers is it provides a complete public/products insurance in one cover without a watercraft exclusion/limitation, and a separate ship repairers policy for work/repairs undertaken on vessels. MICL is suited for works undertaken for most watercraft including Cruise Liners and Defence Force contracts.
The product is designed to provide the Insured protection for ‘on water’ as well as land based exposures. Cover is available ranging from a small one-man one-van operation providing painting & detailing services, or for installing / mending electronics, up to marine service companies with specialist premises and facilities handling commercial, navy and fishing vessels, as well as engineering services. If there is exposure relating to boat building, repair, component manufacturing, marina and/or pontoon repairs, then MICL is the solution!
With optional extension available such as Faulty Workmanship, Financial Loss, Customer Vehicles, and Motor Trades (for Inspection Reports / Certificates), MICL is a flexible and comprehensive option for a variety of industries.
To obtain an obligation free quotation, simply contact us via phone or email and we can issue you an application form. If you have any queries regarding this type of insurance, please don’t hesitate to contact our office.