Offshore Liability Insurance – Essential Protection against Damage Claims in the Offshore Industry
The offshore industry is one of the riskiest sectors in the world. Companies active in oil and gas extraction, wind energy, maritime constructions and offshore engineering face risks every day claims for damages due to accidents, material damage, environmental damage and legal liability. A (corporate) liability insurance for offshore companies protects your company against these financial and legal risks, so that you can operate safely and with certainty.
Why liability insurance for the offshore sector?
Working offshore entails great responsibilities. Think about construction errors on an offshore platform, accidents at sea, damage to maritime infrastructure or environmental pollution due to leaks. Without specialized liability insurance, damage claims can amount to millions of euros. Offshore liability insurance provides cover for:
✔ Material damage – For example, damage to drilling platforms, offshore wind farms, ships or pipelines
✔ Personal injury – Cover if employees, subcontractors or third parties are injured in an offshore accident
✔ Legal costs – Protection against high lawyer and legal costs in liability claims
✔ Damage due to operational errors – Coverage if an error in implementation leads to financial damage for customers or partners
With offshore liability insurance you prevent damage claims from putting your company at financial risk.
liability-Insurance we compare (Finass insures) among the best insurers, -allowing you for the liability-Insurance receive the best and most affordable premium from us.
Which liability insurance suits offshore companies?
A business liability insurance (AVB) is the most important insurance for offshore companies. This insurance protects against claims for damages from third parties due to material damage or personal injury caused during offshore work.
How do you choose the right 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 choose ample coverage.
🔹 Coverage for subcontractors and personnel – Many offshore companies work with external specialists; make sure they are covered too.
🔹 Coverage for damage due to technical errors – Check whether damage due to operational or construction errors is included in the insurance.
With the right liability insurance you ensure that your offshore company can operate safely and without financial risks.
Frequently asked questions about the Liability:
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.
A 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.
A 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).
You close one 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.
The Liability insurance does not cover: damage to rented items. damage that you have caused intentionally. damage occurred during your work.
Take out offshore liability insurance today!
Do you work in the offshore industry, bijvoorbeeld in olie & gas, windenergie of maritieme constructies? Protect your business against damage claims and legal costs with a specialist liability insurance for offshore companies. Compare the best insurance policies now and request a quote immediately!
