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Marine Liabilities

Cargo ships in dock

Specialized needs demand specialized solutions. That’s why the world’s port authorities, ship repairers, marina operators, shipbuilders and other marine businesses rely on the highly specialized underwriting, claims and risk engineering services of Liberty Mutual Insurance.

Target Classes

  • Marine contractor (on/off shore)
  • Port authority
  • Shipbuilder
  • Ship repairer
  • Stevedore
  • Terminal operator
  • Wharfinger

Policy Highlights

  • Comprehensive General Liability coverage, including product and completed operations for marine risks (MGL)
  • Coverage is on occurrence basis
  • Care, custody and control exposures
  • Vessel exposures
  • Flexible minimum premium
  • Deductible/SIR structures
  • Mutliyear policy terms are available
  • Additional insured status of the named insured’s client where required by written contract
  • Associated P&I coverage
  • International coverage
  • Quality Operator Program

Capacity

$25 million

The Liberty Difference

  • 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