The essential function of a marine surveyor is to assess the risks involved with the entire marine venture. With the information marine surveyors gather, their clients are able to manage risk and modify safety and efficiency of their operations. Therefore, it’s imperative to protect these professionals with a customized Marine Surveyor Insurance policy to protect their operations and provide them with financial assistance in the face of exposure.
According to Ron Reisner, president of the National Association of Marine Surveyors (NAMS), marine surveyors are categorized into three classifications: cargo, yacht and small craft surveyors, and hull and machinery surveyors. Here is the breakdown of each discipline:
Cargo- While the surveyor is not responsible for the ship itself, they manage the items that it carries. The goods and equipment on board are all maintained and evaluated by marine surveyors.
Yacht and small watercrafts- These professionals are needed for inspection of vessels prior to purchase. What’s more, marine surveyors may represent clients when their watercrafts need to be repaired or newly constructed. Barry Tarnef, a professional marine surveyor, told Insurance Journal that marine surveyors also complete inspections of yacht condition and valuation, commercial hull valuation, cargo packing, cargo load and stow, cargo outturn, marine liability, towing, and draft.
Hull & Machinery- Marine surveyors inspect the marine equipment on board commercial vessels such as tug boats, barges, and engines.
In order for them to be efficient, marine surveyors should have adequate background and knowledge of the industry and be given a specific set of parameters in terms of the scope of work and the authority given. This will reduce and confusion and shift liability to the appropriate party.
At Merrimac Marine Insurance, LLC, we are committed to providing coverage solutions for the marine industry. We are experts in the field and strive to meet your clients’ needs to protect against a variety of risks. For more information, we invite you to contact us today at (888) 344-1687.