Vessel pollution insurance is a policy that offers coverage for vessel owners and operators in the event of a spill or threat of a spill. 

As you probably already know, vessel pollution spills can have a devastating impact on the local environment. They not only pollute the waterways but destroy the ecosystem, kill wildlife, ruin nearby crops, and disrupt the local fishing industry. They can also damage property and natural resources, leading to major financial implications that would fall on the vessel owner or operator.

Why is Vessel Pollution Insurance Important?

In the event of a spill—even if it were unintentional—the vessel owner or operator would face fines and penalties, as they’d be held personally responsible for the clean-up costs and assessment of the damage. They’d also be required to cover potential civil penalties, criminal fines and legal fees. Plus, loss of revenue and profit by third parties associated with the incident. 

And that’s why vessel pollution insurance is so important. This policy protects the party responsible for the oil spill, helping to cover the costs of the aftermath. 

Falvey’s Vessel Pollution Insurance

At Falvey Insurance Group, we’re proud to offer the largest spill response network and one of the broadest base policy forms in the industry. Our comprehensive vessel pollution insurance coverage helps protect vessel owners and operators from the financial damages of oil spills. We’re also the only vessel pollution underwriter to provide on-demand portal access. For both brokers and assureds to oversee their coverage. 

Our coverage types include:

  • Global vessel pollution
  • COFRs
  • Marinas
  • Shipyards
  • Non-vessel owners
  • Blue cards

Whether a spill happens while a vessel is getting repaired in a shipyard, docking at a marina, or operating in the middle of the ocean, vessel pollution insurance can help mitigate the incident and the associated costs. Contact us today to learn more.