In the marine industry, one of the biggest risks is pollution. Fortunately, through the use of mitigation tactics and comprehensive insurance, you can reduce your impact on the environment.
How Can You Prevent Pollution?
In the marine industry, there are millions of tons of garbage and waste produced every day. This isn’t to mention the danger of oil spills when it comes to the marine industry.
There are international and federal laws that you have to follow to lessen your vessel’s impact. To help prevent pollution, you can practice the following:
- Have a waste and garbage management system
- Reduce the production of sludge and oil waste
- Maintain the Environmental Management System
Every vessel should have the proper precautions in place.
What Is Vessel Pollution Coverage?
Vessel pollution insurance provides the operator and owner of the vessel coverage if there is a spill or the threat of a spill. An oil spill can be financially devastating. The largest oil spill in the entire world cost over $60 billion to clean up. Vessel pollution coverage can cover the following:
- Clean-up services
- Damages to the environment
- Legal fees
- Civil penalties
- Loss of revenue
A comprehensive insurance policy is best for vessel owners.
While the marine industry is critical, it is up to the vessel owners and operators to reduce the risk of pollution to the ocean. The best way to do this is through risk mitigation and insurance.