What is Marine License insurance and do I need it?

Marine license insurance is a form of professional liability coverage which is specifically designed for mariners holding a U.S. Coast Guard license or a pilotage credential. The policy will cover the cost of legal defense and associated expenses (such as expert witnesses) to defend your license in the event that you are required to appear at an administrative proceeding of the U.S. Coast Guard, state pilotage commission, or other governmental authority, as the result of a vessel casualty or incident. Coverage options, including Civil Legal Defense, Civil Legal Liability and up to twelve months Loss of Income Coverage, are also available.

While professional liability coverage is required for many professions (e.g., doctors, dentists, insurance agents), it is not required for mariners and is a discretionary purchase. Given the reasonable cost when compared to the coverages and limits provided, it’s a prudent purchase for all licensed mariners and acts as a great group benefit and retention tool when purchased by an employer for their licensed officers.