Insurance protection for
vessels, cargoes and third party liabilities arising from maritime
operations.
TERRITORY
All States
COVERAGE
Hull and Machinery:
Provides coverage for loss of or damage to commercial watercraft
and machinery. Builders Risk: Provides
protection against physical loss or damage to a vessel and
related property during the entire course of vessel construction. Cargo & Warehouse Storage:
Provides in-transit coverage for loss of or damage
to goods in transit. Coverage can be extended to cover goods
in storage. Protection and Indemnity (P&I):
Provides primary and excess coverage for liabilities for bodily
injury and property damage arising out of the operation of
owned watercraft, including liability to crew, passengers,
and cargo. Charterer Legal Liability:
Provides coverage for the liabilities arising out of the charterers
operation of leased or chartered watercraft. Shoreline Marine Liability
Exposures: Provides coverage for ship builders, ship
repairers, wharf owners, stevedores and terminal operators
for liabilities arising out of their operations. Marine Contractors Liability:
Provides coverage for liabilities arising out of onshore and
offshore services provided to the marine and energy industries. Maritime Employers Liability
(Jones Act): Provides liability coverage for claims
arising out of injuries to non-marine employees associated
with maritime trades who may fall under the Jones Act. Excess or Umbrella (Bumbershoot)
Liability: Provides coverage in excess of primary policy
limits for marine insureds. Property: Provides protection
for loss or damage to real property. Vessel Pollution Liability:
Provides coverage for vessel owner responsibilities
under OPA 90 and Cercla.
AM BEST RATING
A (Excellent)*
TARGET CLASSES
Cargo &
Related Warehousing
Marine Contractors
Boat Dealers
& Marina Operators
Stevedores &
Terminal Operators
Cargo & Related Warehousing
Yacht Builders
& Repair
Ship Builders
& Repair
Excursion Vessels
APPLICATIONS
Standard
Acord applications accepted - supplemental program applications
are required.
*A.M. Best ratings range from "A++" (Superior)
to "F" (In Liquidation), and ratings from "A++" to "B+"
are considered "Secure"