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What You Need To Know About MEL Insurance

What You Need To Know About MEL Insurance

Maritime employee’s liability coverage is an insurance policy that offers protection for employees serving aboard vessels owned by someone other than the employer. MEL insurance is not legally required, but if you have workers who perform duties on someone else’s vessel, it can save you from potential financial catastrophe should a worker sustain an injury, die or become ill. Who Is Protected? There are two classes of workers covered under MEL insurance. When your employees work on a boat that…

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Improving Your Protection With Construction Wrap Insurance

Improving Your Protection With Construction Wrap Insurance

Construction projects can often be long and involved processes. While a traditional insurance policy is likely to cover the period of time where a building is being actively worked on, it might not extend to include the wrap period. This is why wrap-up policies can be an important option to consider. Organizations involved with the construction of complex projects usually add this type of policy in order to stay protected in an array of common scenarios. Advantages of OCIP Understanding…

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