Marine Division
Offered by ISC (Integrated Specialty Coverages)
Storage Oil & Gas Mining Hull Power Generation Ocean Marine Cargo Electronics Bridges Protection & Indemnity General CommodititesDescription
We take the mystery out of Marine Insurance
In a world of global immediacy, there is no substitute for a personal partnership. Our Client's business needs are identified through focused broker discussion to assist in addressing the unique risks associated with marine-related exposures.Marine Programs
General Cargo & StorageThe General Cargo Policy covers goods in transit for physical loss and/or damage from shipping origin to final destination. This is a worldwide coverage that may be extended to accommodate 1st Party goods in storage.
Limits:
- Up to $20,000,000 any one conveyance (worldwide)
- Up to $20,000,000 any one warehouse/storage location $5,000,000 NAT-CAT Annual Aggregate
Project Cargo
Project Cargo covers for the physical loss or damage to the equipment during transit, but may also be extended to include Delay in Start-Up (DSU), which protects the Assured for lost revenue arising from a covered cargo loss thereby delaying the Project's "go-live" date.
Limits:
- $50MM+ any one conveyance
Hull and Protection & Indemnity
Hull and Protection & Indemnity (P&I) insurance are two distinct types of marine insurance often combined to provide seamless coverage for vessel-owners. The packaged Hull and P&I Policy creates a comprehensive program providing coverage for both physical damage to the vessel(s) as well as 3rd Party liability.
Limits:
- Up to $5,000,000 any one vessel
- Up to $1,000,000 P&I any one vessel/occurrence, Combined Single Limit
Marine Liabilities
Marine Liabilities combines coverage found in a commercial general liability (CGL) with coverage provided by a marine liability policy. To be eligible, 80% of the Insured’s receipts must be derived from marine operations. The Policy(ies) can be tailored to cover a wide range of exposures, with many clients requiring multiple coverage classes in a single placement.
Details
Offered By
Availability 50 states + DC
Covered
Not Covered
