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