Ocean Marine

For over 15 years we have underwritten numerous companies specializing in marine risks ranging from the small boat detail shop to the large shipyard and everything in between.

Our Ocean Marine specializations include insurance for Boat Manufacturers, Boat Dealers, Yacht Brokers, Marinas, Dock Builders, Shipyards, Boatyards, Passenger Vessels, Bumbershoots, Marine Excess Liability, Mobile Marine Mechanics, Boat Canvas/Upholstery Repair & Installation, Mobile Boat Detailers,  Ocean Cargo, Workers Compensation, Maritime Employers Liability and USL&H.  With Crosswinds Insurance Agency, We’ll Expand YOUR insurance knowledge.

Examples of Commercial Marine Risks we review

Boat Manufacturers Marinas Commercial Hull Boat Dealers Bareboat Charters
Yacht Brokers Boatyards Dock Builders Wharf & Bulkhead Construction Dredge Operators
Pile Drivers Breakwater & Riprap Construction Marine Construction Bridge Repair & Maintenance Inspected Passenger Vessels
Rental Boat Operations Tug & Towing Vessels Research Vessels Dredge Operators Importers/Exporters
Freight Forwarders And More!

MARINE TERMINOLOGY

Marine General Liability

3rd party bodily injury or property damage coverage for companies. Similar to a general liability policy but crafted for maritime-based operations. This coverage is usually written in conjunction with one or more of the following coverage:

Charterers Legal Liability

for people who rent or lease a vessel. This class includes fishing boat charters or companies who lease barges and/or tugs. Similar to renting a car from a rental car company where you have to provide the insurance or hiring a limo driver.

Marina operators legal liability (often referred to as MOLL)

to protect marina operators for property damage to watercraft in their care for purposes of repair, alterations, maintenance, storage, mooring, hauling, launching and fueling.

Marine contractors liability

provides coverage for property damage to marine structures occurring while such property is in the insured’s care, custody or control for the purposes of repair or alteration.

Ship Repairers Legal Liability (SRLL)

to protect boat yards for property damage to watercraft in their care, custody and control for purposes of repair or alteration.  This can be the mobile mechanic working out of their home garage or work truck.

Stevedores Legal Liability

to protect stevedores for property damage during the loading and unloading of vessels at a port within the USA.

Terminal Operators Legal Liability (TOLL)

Coverage for terminals who handle storage of others while at the port.  Do you issue warehouse receipts?

Wharfingers Legal Liability

coverage for companies who own a pier or dock where no rent is charged to tie up a boat.  Imagine you own a restaurant on the waterway that has docks and the cleats’ bolts are rusty that can’t be seen without further checking.  Someone ties up his or her boat and the cleats break way causing the boat to run downstream and take out a bridge.  Your restaurant is found liable for damage.

OTHER MARINE TERMINILOGY

Hull and Machinery

provides protection against the physical loss of, or damage to, the vessel and its equipment, engines and machinery.

Protection & Indemnity (P&I)

usually written in conjunction with a Hull and Machinery policy protects a vessel and its owners and operators against liability for bodily injury and third party damage.  It can be customized to include:

  • Cargo Legal Liability
  • Excess Towers and Collision coverage
  • Liability protection for passengers’ baggage and personal effects
  • Coverage for the expenses associated with getting crew members back home and compensating them for lost wages

Hull Builder’s Risk

designed to cover a vessel and related property and materials from the start of construction through the final delivery to the customer.  If you are a builder, you can purchase a policy to cover all your vessels under construction.  If you are an owner of a vessel you can purchase coverage just for your boat being built.  Coverage includes physical loss or damage to the vessel and collision liability and protection and indemnity exposures during sea trials and delivery.

Jones Act

is a federal law that gives a seaman who was injured on the job the right to sue their employer for personal injury damages.  This coverage can get very dicey and you need an expert to discuss your options.  Not having this coverage if you need it can cause your business to go out of business.

Longshore & Harbor Worker’s Compensation Act (USL&H)

means any person engaged in maritime employment, including any longshoreman or other person engaged in longshoring operations, and any harbor-worker including a ship repairman, shipbuilder, and ship-breaker.  This coverage can get very dicey and you need an expert to discuss your options.  Not having this coverage if you need it can cause your business to go out of business.

Maritime Employers Liablity (MEL)

coverage for an Insured’s employees while working on non-owned or operated vessels.  This coverage can get very dicey and you need an expert to discuss your options.  Not having this coverage if you need it can cause your business to go out of business.

Contact us today for a FREE quote or more information