How to insure a "Scientific buoy"

Register for FREE to Use our Offshore Fishing Resources
Select State -
Staff Online:
How to insure a "Scientific buoy"
How to insure a "Scientific buoy"
How to insure a "Scientific buoy"
December 11, 2017 5:40 pm EST
Location: 33.436N 77.743W
Wind Dir: W (270°)
Wind Speed: 6 knots
Wind Gust: 8 knots
AT Ps: 30.04 in (1017.2 mb)
Air Temp: 53°F (11.4°C)
Dew Point: 42°F (5.6°C)
Water Temp: 60°F (15.7°C)

How to insure a "Scientific buoy"
There are currently 518 Guests and 64 Members online NOW!

 Forum FAQForum FAQ   SearchSearch  SearchNew Forum Posts 

How to insure a "Scientific buoy"
 
 
Post new topic   Reply to topic    SaltwaterCentral.Com Forum Index -> Marine Insurance
Author Message
Dragan
Newbie
Newbie


Joined: Mar 06, 2016
Posts: 4

PostPosted: Sun Mar 06, 2016 5:41 am    Post subject: How to insure a "Scientific buoy" Reply with quote

Hello,

We would like to temporarily install a large "scientific buoy" in sea. (for a couple days)

We are insured on land, but as we go in sea, our insurance doesn't cover us anymore. (we are from Canada)

Do you know insurance companies that could cover us for?:

- Public liability regarding the buoy
in other words, to have us covered if ever someone rans in our buoy and gets injured, or if it detaches and damages something.

A 1-2M$ liability insurance should be good..

What would be a reasonable price for that you believe?

Thanks a lot
  
Back to top
View user's profile Send private message
ChrisMcCaffity
Ol'Salt
Ol'Salt


Joined: Feb 27, 2012
Posts: 1467

PostPosted: Sun Mar 06, 2016 7:29 am    Post subject: Reply with quote

Where will the buoy be placed and will it be anchored or floating free?  
Back to top
View user's profile Send private message Send e-mail
Dragan
Newbie
Newbie


Joined: Mar 06, 2016
Posts: 4

PostPosted: Sun Mar 06, 2016 8:02 am    Post subject: Reply with quote

It would be placed at around half a mile from the shore (at least 15 ft depth). It would be anchored using a large Danforth or equivalent anchor.  
Back to top
View user's profile Send private message
ChrisMcCaffity
Ol'Salt
Ol'Salt


Joined: Feb 27, 2012
Posts: 1467

PostPosted: Sun Mar 06, 2016 8:08 am    Post subject: Reply with quote

Thank you Dragan. What kind of data are you collecting?  
Back to top
View user's profile Send private message Send e-mail
BarryTurano
Ol'Salt
Ol'Salt


Joined: Sep 21, 2009
Posts: 2554
Location: Wilmington NC

PostPosted: Sun Mar 06, 2016 8:47 am    Post subject: Reply with quote

Contact Adam Meyer Wells Marine Insurance he is on this site. Not sure iof insurance will be your biggest issue. I thing you will need to contact the Coast Guard and the Corp of Engineers.
_________________
Game Changer
Albemarle 24CC

USN Submarine Veteran
USS Corporal SS346
Death From Below
There are only 2 types of ships.
Submarines and Targets
Coastal Carolina Submarine Veterans

Cape Fear Anglers
  
Back to top
View user's profile Send private message Send e-mail
adammeyer
Sponsor


Joined: Feb 14, 2013
Posts: 49
Location: Wilmington NC

PostPosted: Tue Mar 08, 2016 9:53 am    Post subject: Reply with quote

Interesting "risk", no doubt! That might be done on surplus lines paper, for liability only, and I'd be happy to investigate that for you. Please give me a call at the office, 910-726-3923 to discuss.

I concur with Barry - first step is to touch base with the regulatory agencies that could touch this project, including USCG, US Corps of Engineers, NOAA, etc. The insurance carrier will want assurance that all the proper hoops have been jumped through before they would attach the liability coverage.

Look forward to speaking with you about it at your convenience.

Best - Adam
_________________
PROUD FPT/SWC FORUM SPONSOR SINCE DAY ONE!

Adam B. Meyer, Esq.
Director of Marine Insurance
Wells Marine Insurance
2 1/2 A Marina Street
Wrightsville Beach NC 28480
(910) 208-9120
  
Back to top
View user's profile Send private message Send e-mail
Dragan
Newbie
Newbie


Joined: Mar 06, 2016
Posts: 4

PostPosted: Tue Mar 08, 2016 8:57 pm    Post subject: Reply with quote

Thanks to you all for the responses. We are doing a water filtration process.

My collegue Renaud should give you a call tomorrow to check with you Adam.
  
Back to top
View user's profile Send private message
Onslow Bay Boatworks











Post new topic   Reply to topic    SaltwaterCentral.Com Forum Index -> Marine Insurance All times are GMT - 4 Hours
 
 Page 1 of 1

 

Jump to:   
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

Powered by phpBB © 2001-2008 phpBB Group
Forums ©