Page 34: of Marine News Magazine (May 2018)

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COLUMN INSURANCE accidents, the leading cause of death is falling overboard. More marine insurance carriers, along with additional fac-

According to the Coast Guard’s Maritime Commons blog, tors, have created a very competitive marketplace in recent falls overboard account for approximately 50% of towing years. As a result, workboat insurance rates – across all lines vessel fatalities. of cargo, hull & machinery, and marine liability – were on the decline. But as anyone in the maritime industry knows,

THER ISK ACTORS

O R F winds change and particularly following the 2017 Hur-

Workboat owners and operators