Marine Insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination.
Businesses that require Marine Insurance include:
- Cargo and Shipping Companies
- Marina Operators
- Boat Dealers
- Yacht Clubs
- Yacht Dealers and Brokers
- Boat Builders
Marine Cargo Insurance protects against loss from the time cargo leaves port until it reaches its destination.
Marine Facilities Insurance covers Marina operators, boat dealers and yacht clubs, boat builders and yacht brokers. Coverage offers protection against risks that can occur both at sea and on land.
Commercial Marine Insurance can include commercial general liability, property, commercial automobile, inland marine (computers and heavy equipment, floaters), boiler and machinery, crime and fidelity, business interruption, sudden and accidental pollution and umbrella coverage.
Marina Operators Insurance can include coverage for wet and dry storage, hauling and launching, hull and machinery, docks, slips and piers, work boats, repair and fueling, brokers legal liability, and sudden and accidental pollution.
Boat Dealer Insurance can cover inventory, transit and demonstration, title errors and omissions, false pretense, truth in lending, boat shows, sudden and accidental, pollution, boat builder insurance, hull and machinery, molds, sea trials, manufacturer special extensions tailored to builders, and sudden and accidental pollution,
Yacht Club Insurance can cover fleets, regatta liability and sail training, special extensions tailored to yacht clubs, and sudden and accidental pollution.
Marine Liability Insurance covers terminal operators, charterers, ship yards/repairers, marine contractors and stevedoring operations must protect against risks that can impact their corporate assets.
Comprehensive Marine Insurance policies can cover primary commercial marine liability, excess commercial marine liability, umbrella coverage, marine general liability, ship repairers’ liability, wharfinger’s liability, marine terminal operators’ liability, stevedore’s liability and charterer’s legal liability.
Golden Global Insurance experts can help you develop a Marine Insurance policy that fits your needs. Contact 305-899-5125 to get started.