A type of insurance designed to provide coverage for the transportation of goods either on the ocean or by land as well as damage to the waterborne instrument of conveyance and to the liability for third parties arising out of the process. The two branches of marine insurance are ocean marine (primarily water-based exposures) and inland marine (primarily land-based exposures).
IRMI
We live, for better or worse, in a litigious society where the slightest oversight can mushroom into a lawsuit. For maritime businesses, like yours, who stake a great deal on their reputations, a lawsuit is more than a financial drain, it’s a threat to their long-term success. Marine General Liability is essentially a General Liability policy that gives your business the leverage in needs to pay any awarded damages and protects against personal or advertising injuries – including medical expenses. You can purchase Marine General Liability separately or as part of our comprehensive Marine Program. But, keep in mind businesses that need more coverage typically purchase a separate liability insurance policy. If you would like more information about our Marine General Liability Insurance, our Marine Program in general, or the eleven A-rated carriers we represent, please contact us at your earliest convenience.
HP