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Hull and Machinery / P&I and Shipbuilders Risk

Large ship in harbour

Virtually nothing about the marine industry is predictable – from the weather to fishing catches, challenges can arise and pose risks to marine businesses. One thing that vessel owners worldwide can count on is Liberty Mutual Insurance. We can help protect ships whether on the water or at the dock with proper coverage and risk protection. Our in-house marine specialists in risk engineering, underwriting and claims can provide tailored products designed to address all of a client’s needs.

Target Classes

  • Coastal tanker and cargo vessels – brown/green water
  • Offshore supply vessels (tugs and barges)
  • Passenger-carrying vessels
  • Research vessels
  • Shipyards
  • Workboats (harbour vessels)

Policy Highlights

  • Vessel construction
  • Select hull and protection and indemnity packages
  • Quality Operator Program

Capacity

  • $50 million in Builder’s Risk
  • $50 million in Hull
  • $10 million in Protection & Indemnity

The Liberty Difference

  • Protection & Indemnity (P&I) coverage available when written in conjunction with Hull coverage
  • Streamlined application and policy form tailored specifically for marine clients
  • In-house marine engineers
  • Tailored coverage for multinational risks, including locally admitted policies

Why Liberty?

  • • A.M. Best Financial Strength Rating ‘A’ (Excellent); S&P rating of ‘A’ (Strong)
  • • Efficient cross-border capabilities
  • • Established Canadian market presence for over 25 years
  • • Access to Liberty Mutual’s extensive international network
  • • Local underwriting authority
  • • Local risk engineering and risk control experts
  • • In-house claims service team