Choosing the Right Insurance for Dredging Operations
Category : Insurance for Dredging Operations
Dredging operations are a necessary component of the commercial marine industry, but it comes with a range of associated risks. Understanding these risks is the first step in ensuring your company has adequate coverage for any dredging project.
Protecting the Environment
The environmental effects of dredging can be many and varied. There are risks involved in wildlife, vegetation, and ecosystems through the dredging itself and the transport of removed materials. According to Merrimac, some of the potential impacts include:
- Contamination of habitats
- Loss of wildlife
- Mass marine die-offs
- Loss of erosion control
Workers involved in dredging operations are at risk of on-the-job injuries. The cause of injuries can range from normal work activities to accidents that are the result of equipment failure. There is also the potential for injury to third-party individuals.
The day-to-day operations of dredging equipment can put a lot of stress on machinery and vessel. In addition, there is the risk of fire associated with running high-pressure systems that require fuel to function.
Procuring dredging insurance is one way in which you can protect your company from the risks associated with performing a vital service for the marine industry. Knowing the range of risk exposures will ensure you choose a policy that protects the environment, people, and property.