Offshore Liability Insurance - Essential protection against damage claims in the offshore industry
The offshore industry is one of the most risky sectors in the world. Companies that are active in oil and gas extraction, wind energy, maritime constructions and offshore engineering run the daily risks of claims due to accidents, material damage, environmental damage and legal liability . A (company) liability insurance for offshore companies protects your company against these financial and legal risks, so that you can operate safely and with certainty.
Why a liability insurance for the offshore sector?
Working in offshore brings great responsibilities. Think of construction errors with an offshore platform, accidents at sea, damage to maritime infrastructure or environmental pollution due to leaks . Without specialized liability insurance, damage claims can rise to millions of euros. An offshore liability insurance offers coverage for:
✔ Material damage- for example damage to drilling platforms, offshore wind farms, ships or pipelines
✔ Personal injury- coverage if employees, subcontractors or third parties are injured by an offshore accident
✔ Legal costs- protection against high lawyer and litigation costs in the event of liability claims
as of operational errors- coverage carried out
With an offshore liability insurance you prevent damage claims to endanger your company financially.
We compare liability insurance Finass insures ) with the best insurers, so you get the best and most affordable premium from us liability insurance
Which liability insurance suits offshore companies?
A company liability insurance (AVB) is the most important insurance for offshore companies. This insurance protects against claims from third parties due to material damage or personal injury caused during offshore activities.
How do you choose the correct liability insurance for the offshore industry?
When taking out liability insurance for offshore companies and maritime service providers, it is important to take into account:
🔹 coverage area - National or International, depending on offshore projects and operational locations.
🔹 Maximum insured amounts - offshore damage claims can be extremely high, so opt for wide coverage.
🔹 coverage for subcontractors and staff - many offshore companies work with external specialists; Make sure they are also covered.
🔹 Cover for damage due to technical errors - check whether damage due to operational or construction errors is co -insured.
With the correct liability insurance you ensure that your offshore company can operate safely and without financial risks .
Frequently asked questions about Liability :
What is liability insurance?
With liability insurance you are insured if you are legally liable for damage. For example, if you cycle into a parked car, your cat knocks over an expensive vase or if your children shoot a ball through the neighbor's window. But also if you, your child or pet injure someone. Not every damage is insured. Consider intentional damage or damage caused with a motor vehicle. Rented items are also not covered by your liability insurance. For example, if you rent a sander for that painting job in the house. Or if you rent a party tent for a garden party.
What is covered by liability insurance?
Liability insurance reimburses the damage you cause to other people's belongings. Like the television that slips out of your hands during a friend's move. Or your child who cycles into the neighbor's car. Or if someone else is injured through your fault.
What does liability insurance do?
Liability insurance for private individuals (AVP) covers damage that you or one of your family members causes to someone else when you are not driving a car or other motor vehicle . This applies to damage to property and persons (personal injury).
Do you need liability insurance?
Liability insurance is not mandatory. You can therefore decide for yourself whether you want to insure yourself against damage to others. Dutch people are often over-insured, but this is one in the 'highly recommended' category.Why do you need liability insurance?
You take liability insurance because you want to protect yourself and your family against the risk of liability. You can be held responsible if someone is injured through your fault. But also if you accidentally damage other people's property. Resulting in a claim for damages.
What does liability insurance not cover?
The liability insurance does not provide coverage for: damage to rented items. damage that you have caused intentionally. damage occurred during your work.
Take out an offshore liability insurance today!
Do you work in the offshore industry, for example in oil & gas, wind energy or maritime constructions ? Protect your company against damage claims and legal costs with specialist liability insurance for offshore companies . Compare the best insurance policies now and request a quote immediately!
