Checklist for Marine & Offshore Businesses: What Equipment to Insure & Typical Risks

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A complete insurance checklist for marine contractors, offshore operators, port businesses and vessel owners - covering equipment types, operational hazards and essential protection.

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We compare quotes from leading marine insurers

  • Allianz
  • Aviva
  • QBE
  • RSA
  • Zurich
  • NIG

Essential Insurance Checklist for Marine & Offshore Operations

Marine and offshore work involves a mix of vessels, high-value machinery, subsea systems, tools and mobile equipment. This checklist highlights the types of equipment typically insured, the risks they face, and the core covers marine operators should consider.

1. Equipment Commonly Insured by Marine & Offshore Businesses

These assets face high operational, environmental and mechanical risks.

  • Workboats, barges & offshore support vessels
  • Cranes (floating, pedestal & mobile cranes)
  • Dredgers & marine construction plant
  • Pile-drivers, drilling rigs & heavy engineering machinery
  • ROVs, AUVs & subsea survey equipment
  • Diving gear & decompression equipment
  • Winches, hydraulic systems & hoisting equipment
  • Survey tools (sonar, magnetometers, sensors)
  • Portable tools, generators & electrical plant
  • Onboard equipment & specialist tools
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2. Typical Risks Faced by Marine Equipment & Offshore Assets

These hazards highlight why specialist marine insurance is essential.

  • Collision, impact or grounding
  • Weather damage (storms, swell, waves)
  • Hydraulic or mechanical breakdown
  • Structural collapse or fatigue
  • Flooding, water ingress & pressure damage
  • Fire & explosion
  • Damage during lifting or deployment
  • Entanglement or loss at depth for subsea assets
  • Electrical failure & short circuits
  • Theft or loss of mobile equipment
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3. Why Marine Businesses Choose Insure24

  • Specialist brokers for marine, subsea & offshore risks
  • High-value equipment & vessel cover
  • Policies tailored for complex operations
  • Equipment, liability & transit cover in one place
  • A-rated marine insurers & underwriters
  • Fast documentation & claims response
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FREQUENTLY ASKED QUESTIONS

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What equipment should marine operators insure?

Most businesses insure vessels, cranes, subsea equipment, tools, heavy machinery and onboard operational equipment.

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What are the biggest risks for marine equipment?

Weather, collision, mechanical failure, lifting damage, water ingress and operational hazards such as entanglement or loss at depth.

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Can one policy cover all equipment?

Yes - combined marine equipment policies are available to cover multiple asset types under one contract.

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Can equipment be insured during transit and storage?

Yes - transit, loading/unloading and temporary storage cover can be included.

Related Covers

Use the checklist as a launch point into related marine-equipment guidance, from cover selection and exclusions to transit and heavy plant risks.

Getting Started

Key Risk Areas

Specialist Exposures