Tag Archive Property Damage

valuations for cargo ships

Safety Evaluations for Cargo Ships

Cargo ships all have to take important safety steps to mitigate safety hazards. Apart from the dangers posed by inclement weather, other hazards such as mechanical failures or improper maintenance could present a serious danger. Safety inspections are a critical part of ensuring that a ship is seaworthy and that crew and cargo will be safe.

Cargo Needs to Be Stored Safely

Cargo safety evaluations must confirm that cargo containers are being placed securely and weight is distributed evenly throughout a ship’s cargo hold. Any unexpected movement while a ship is in motion could result in serious personal injury or property damage.

Life Rafts and Life Boats Must Be in Working Order

In the event of a critical emergency, a ship’s emergency life rafts and lifeboats need to be ready to put to use. There must be an adequate number of emergency vessels to accommodate all crew on board, and they must be equipped with all necessary emergency equipment.

Communication Equipment Must Be Well-Maintained

A ship’s vital emergency communication equipment must be fully operational at all times. It needs to be periodically inspected, and any type of equipment malfunctions must be immediately addressed. If there is a temporary outage in operations, the cause has to be identified and addressed.

Maintaining emergency equipment and verifying that safety protocols are followed will greatly help to minimize the risks associated with heavy cargo shipping.

Liability Coverage

Understanding Your Liability Coverage

When you own a business, you want to make sure you are getting all the liability coverage you need. With so many different policies available, it may be confusing to tell the difference. You need to know comprehensive general liability meaning.

General Liability Basics

The experts at https://www.usrisk.com/ recommend general liability coverage as part of your business insurance package. General liability covers a plethora of risks:

  • Property loss
  • Personal injury
  • Defective products

If your company issued as a result of any of these issues, your general liability policy can cover legal fees and any settlement amounts that extend past the deductible you pay.

General Liability Premiums

The monthly cost of a general liability policy varies according to the risks to which your business is exposed. If you have a history of multiple claims, your premium will be higher than if you have a good track record. If you opt for a higher deductible, you may be able to lower your premium. Your insurance agent can advise you about the most affordable options that will still give you the coverage you need.

Comprehensive general liability can protect you from exorbitant legal fees in the event of a workplace accident that causes property damage or injury to someone other than an employee. It’s important to understand what your policy covers.