Marine

The new policy offers creative solutions for yacht owners, including preferential deductible options; enhanced and customizable coverages, including Jones Act coverage; and personal use and occasional charter coverage.

A packing and crating company occasionally moves specialty items. Does its business auto policy exclude property damage to others in the process of loading or unloading?

The policy offers coverage limits up to $5 million per location, as well as options covering additional activities modern warehouse operations encounter, including the handling, repacking and processing of stored goods.

A commercial insured needs to coordinate between a business auto policy and an inland marine policy to cover a a water well drill rig permanently mounted on a Peterbilt truck.

Key highlights include flexible policy options and a multitude of deductible and coverage options, many of which are unique to boaters.

Quantum Boat 2.0 offers the ability to cover up to eight boats on a single policy, expedited policy issuance and highly customizable coverage options.

Today insurers and their clients have access to more information to assist in the underwriting and protection of their commercial marine risks.

The commercial marine market is facing headwinds from rising inflation impacting pricing and consumer spending, the effects of the Russia-Ukraine war, geopolitical concerns, and supply chain disruptions.