It may also refer to any contractor or crew member who is injured or ill in the navigatable waters of the United States and surrounding areas. This act applies to most workers whose job duties are related to taking care of a ship or working the docks. Longshore and Harbor Workers' Compensation Act: This is a federal law that provides workers' compensation coverage for ship employees, also known as a crew, if they are injured or become ill as a result of their job.General liability coverage: This would be coverage for bodily injury and property damage to others, such as passengers who slip and fall while on the vessel or lose their personal belongings in a cabin fire.Then, when a catastrophic claim occurs, the carrier will kick in the rest. When you are talking about insuring items that are millions and millions of dollars, the insurance company will have the owner foot a decent portion first. Ship coverage: This would be coverage for the ship itself, and it would likely have a higher retention limit involved similar to a deductible.Physical damage coverage: This would provide coverage for the vessel itself against accidental loss or damage to the boat and machinery.Property coverage: This would be coverage for the business personal property that is within the boat and not permanently attached to the vessel.
