Many marina insurance policies exclude pollution coverage or may be very limited. Business owners may have problems with third parties dumping waste, leaking storage tanks or fuel spills – leaving the marina owner responsible for its cleanup and potential fines. If the marina owner sells the business, a Phase I Environmental Site Assessment may find contamination that costs thousands to be cleaned up.
NAESIP A.M. Best “A” Rated Coverage includes:
On-Site and Off Site Clean-up and Testing
Bodily Injury and Property Damage to Third Parties
Transit pollution – First and Third Party
Automatic Above Ground Tank Coverage
Underground Storage Tank (by separate application)
Natural Resource Damages
Contractors Pollution Liability
Non-Owned Disposal Sites
Limits start at $1,000,000 Deductible $5,000
Broad language includes blanket:
Additional Insured
Additional Insured Completed Ops
Primary & Non Contributory
Waiver of Subrogation
To learn more about marina pollution insurance coverage, contact Dave Quinn at 908-256-6576 or dquinn@naesip.com.