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Insurance policy covers collision liability as well as protection

and indemnity (P&I) exposures during trial trips and can also be extended to cover delivery trips.

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Marine Operator’s Legal Liability

Building ships is a large, complex undertaking, and undesired events can occur at any time. ABNIC’s Hull Builder’s Risk coverage insures builders or owners against physical loss or damage to vessels during the construction period.

Our Hull Builder’s Risk insurance policy covers collision liability as well as protection and indemnity (P&I) exposures during trial trips and can also be extended to cover delivery trips. To help simplify your risk management process, our coverage is provided on standard marine industry forms, and limits are offered on per-vessel and/or per-yard basis.

Protection & Indemnity:

Covers a vessel owner’s liabilities arising out of the operation of vessels. Standard industry forms or pre-approved manuscript wordings are utilized, providing coverage for liabilities incurred as a result of damage to third-party property and injury to or death of crewmembers and third parties.

Marine Operators Legal Liability Insurance (MOLL) is a type of insurance policy designed to protect marine operators from financial losses resulting from legal liability claims. In the UAE, this insurance coverage is specifically tailored to protect marine operators involved in the maritime industry against claims arising from their operations.

Marine operators in the UAE can include ship owners, charterers, and operators of any vessels used in the maritime industry. These operators face numerous risks when conducting their operations, including accidents that can cause physical injury or property damage to third parties, environmental pollution, and collisions with other vessels.

MOLL insurance policies provide coverage for claims made against marine operators for legal liability resulting from their operations. This can include claims for bodily injury or death, property damage, pollution damage, and wreck removal. The policy also covers legal expenses incurred by the operator in defense of such claims.

Marine Operators Legal Liability Insurance is not mandatory in the UAE, but it is highly recommended for marine operators to protect themselves against unexpected financial losses. Insurance companies providing this type of coverage in the UAE must be licensed by the Insurance Authority, which regulates the insurance industry in the country.

When selecting an insurance provider for MOLL coverage in the UAE, it is essential to choose a reputable company with experience in the marine insurance industry. Al Buhaira Insurance is one such company that provides comprehensive MOLL coverage with competitive premiums and excellent customer service. With Al Buhaira Insurance, marine operators in the UAE can operate their vessels with confidence, knowing they have adequate financial protection against unexpected legal liability claims.

Here are some frequently asked questions about Marine Operators Legal Liability Insurance (MOLL) in the UAE:

Ans: Marine Operators Legal Liability Insurance is a type of insurance policy that provides coverage for legal liability claims made against marine operators resulting from their operations. This can include claims for bodily injury or death, property damage, pollution damage, and wreck removal.
Ans: Marine Operators Legal Liability Insurance is recommended for marine operators in the UAE who want to protect themselves from financial losses resulting from legal liability claims. This includes ship owners, charterers, and operators of any vessels used in the maritime industry.
Ans: Marine Operators Legal Liability Insurance covers legal liability claims made against marine operators resulting from their operations. The policy provides coverage for claims related to bodily injury or death, property damage, pollution damage, and wreck removal. The policy also covers legal expenses incurred by the operator in defense of such claims.
Ans: Marine Operators Legal Liability Insurance is not mandatory in the UAE, but it is highly recommended for marine operators to protect themselves against unexpected financial losses resulting from legal liability claims.
Ans: The premium for Marine Operators Legal Liability Insurance is calculated based on several factors, including the type of vessel or operation, the level of coverage required, and the operator's claims history.
Ans: When selecting an insurance provider for Marine Operators Legal Liability Insurance, you should consider the company's experience in the marine insurance industry, its reputation, and its customer service. It is also essential to choose a provider that offers comprehensive coverage with competitive premiums.
Ans: Al Buhaira Insurance is a reputable insurance provider with over 40 years of experience in the industry. The company offers comprehensive Marine Operators Legal Liability Insurance coverage with competitive premiums and excellent customer service, ensuring that marine operators in the UAE can operate their vessels with peace of mind.
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