Our Maritime Injury Lawyer Explains Maritime Risks Covered By Insurance

Maritime Injuries Covered By Insurance New York, NYThe maritime industry is a vast and indispensable part of global trade and commerce. It plays a pivotal role in transporting goods, connecting continents, and fueling economies. However, the world of maritime activities is not without its fair share of risks and uncertainties. There are numerous and often unpredictable threats that ships and their cargo face on the open seas. 

If you were injured in a maritime accident, our skilled team of maritime injury lawyers at Hofmann & Schweitzer can help you navigate the challenging legal process so you can understand your rights and pursue the maximum amount of compensation for your injuries. 

Types of Maritime Risks Covered By Insurance

Marine insurance is a type of insurance that covers various risks and losses associated with maritime activities and transporting goods by sea. It plays a crucial role in the global trade industry and ensures that businesses involved in marine commerce can operate with confidence and financial security.

There is a diverse range of maritime risks covered by insurance, including:

Natural Disasters

Natural disasters like hurricanes, typhoons, and earthquakes can wreak havoc on the seas. These catastrophic events can lead to the loss of vessels, damage to cargo, and even environmental disasters due to oil spills. Marine insurance policies typically cover damages caused by natural disasters, offering financial protection to ship and cargo owners. The coverage extends to repair costs, salvage operations, and liability for pollution clean-up.

Piracy and Looting

Piracy has been a concern for seafarers throughout history, and it continues to pose a threat in certain regions. Modern-day pirates often target vulnerable vessels, seeking to hijack them for ransom or to steal valuable cargo. Marine insurance includes provisions to protect against piracy-related losses, encompassing the ransom payments and the damages caused during pirate attacks.

Collisions at Sea

Collisions at sea are another significant risk in the maritime industry. Ships can collide with each other, with stationary objects like piers or buoys, or even with underwater obstacles. These incidents can severely damage vessels, cargo, and the environment. Marine insurance policies cover collision damages and compensate affected parties, ensuring the financial burden is manageable.

Environmental Concerns

Environmental concerns have grown in importance over the years, and maritime pollution is a pressing issue. Accidental oil spills and chemical leaks can devastate marine ecosystems and coastal communities. Marine insurance policies often include provisions for pollution liability, helping to cover the costs associated with cleaning up and mitigating the environmental impact of such incidents.


Cargo owners face numerous risks when their goods are transported by sea. Cargo can be damaged due to mishandling, improper stowage, temperature variations, or theft. Marine cargo insurance offers protection for these risks, ensuring that the cargo owners are compensated for their losses. Businesses involved in international trade must secure adequate cargo insurance to safeguard their interests.

Acts of God

Acts of God are unforeseeable and uncontrollable events that can disrupt maritime operations. These events can include volcanic eruptions, tsunamis, and meteorological phenomena. Marine insurance policies often cover losses resulting from acts of God, offering financial relief to affected parties.

War and Politics

The political landscape can significantly impact maritime trade. Wars, conflicts, and political instability in certain regions can lead to disruptions in shipping routes and potential threats to vessels. Marine war risk insurance provides coverage for situations related to war, civil war, and political unrest, allowing shipowners to navigate these dangerous waters with confidence.


In today's digital age, cyber threats have become a growing concern for the maritime industry. Cyber-attacks can have far-reaching consequences, from hacking into ship navigation systems to targeting shipping companies' data. Cyber insurance for marine businesses has emerged as a specialized coverage, helping protect against the financial fallout of cyber incidents.

How Our Maritime Injury Lawyer Can Help

The maritime injury lawyers at Hofmann & Schweitzer can help you or your loved one recover damages if you were injured at sea. We understand the intricacies of marine insurance and the laws governing maritime accidents, so we can help get you the compensation you deserve.

Paul T. Hofmann
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Focused on personal injury, with an emphasis on maritime, railroad and construction worker tort claims.