Weighing Out the Differences Between USLH and Workers’ Comp

There are plenty of challenges that come along with operating a business that involves transporting goods across bodies of water. This industry usually comes with a number of specific risks, meaning that you need to look at alternatives to traditional insurance options. For many businesses, workers’ compensation coverage is enough to handle the hazards that employees are likely to encounter. However, an alternative like United States Longshore & Harbor coverage could be a more appropriate fit. Review a few points and understand the main differences between these options.

The Main Details 

Gaining a bit of perspective on your options is straightforward. A traditional workers’ compensation plan is meant for individuals who work on dry land. However,  the USL&H Jones Act dictates that United States Longshore & Harbor coverage is required for those who must adhere to local and maritime regulations simultaneously. Failing to take out the right policy can result in leaving some major gaps in your coverage, so it is best to weigh out the pros and cons of each. Other areas of insurance to consider include: 

  • Directors and officers coverage
  • Errors and omissions liability 
  • Commercial coverage for automobiles

Decide Which Policy Works Best

Finding the right coverage for your business is important for your long-term success. As long as you know the differences between the options presented to you, it will be much easier to find a policy that works for your future. 

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