Ocean Marine Insurance Coverages
If you need to protect goods while they are in ocean transit, the ships used to carry goods across the ocean, or the crew and passengers aboard these ships, ocean marine insurance from Burton & Company has you covered.
Our agents will tailor an ocean marine insurance policy to suit your needs. Here’s a look at some of the most popular types of ocean marine insurance to get you started.
Ocean Cargo Insurance
Ocean cargo losses around the world amount to billions of dollars each year. Cargo can be damaged by anything from improper loading and rough handling to weather and atmospheric conditions. Therefore, if you are buying or selling goods overseas, ocean marine cargo insurance can protect your interests.
This insurance typically starts coverage at the warehouse at the point of shipment and extends to the warehouse at the destination point, and it includes intermediate transit by truck or rail.
Ocean cargo insurance is suited to:
- Importers
- Exporters
- Freight forwarders
- Commodities traders
- Manufacturers
Protection And Indemnity Coverage
Our protection and indemnity policies cover bodily injuries sustained by your crew, passengers and other people while on board the vessel, along with liability coverage related to vessel operations.
Our Commercial Hull and Machinery and Protection and Indemnity coverage is suited to:
- Offshore service vessels, such as crew boats and supply boats
- Builders’ risks
- Passenger vessels, such as those used for gaming and excursions, as well as ferries and charter boats
- Barges, including hopper, tank, construction and deck barges
- Dry docks
- Utility and yard vessels
- Vessel pollution response vessels
- Oceanographic and research vessels
Marine General Liability Insurance
A marine general liability policy acts much in the same way as a general liability policy, but it’s geared toward maritime operations and shoreside liability.
It covers:
- Third-party bodily injury
- Third-party property damage
- Fire legal liability
- Products and completed operations
It is suited to:
- Marine contractors
- Terminal operators
- Vessel operations
- Charterers
- Stevedores
- Wharfingers
- Ship repairers
Some of the additional coverages for marine general liability include:
- Pollution buyback endorsements
- Boat broker liability
- Traveling workers extensions for ship repairs
- Punitive damages defense endorsements
Hull And Machinery Coverage
Our hull and machinery policies can protect the vessel, propulsion equipment and fixed machinery in the vessels you operate from physical damage, whether they operate in blue or brown water. It can also cover third-party property damage, such as collisions among vessels at sea or collisions involving fixed objects during vessel operations or while moored.
Reach Out To Burton & Company
Get in touch with Burton & Company today and let our insurance experts guide you through the options for protecting your business’s cargo, vessels and other items during ocean transport. We’ll help you find a policy that ensures you’re covered, no matter what happens at sea. To get started with ocean marine insurance, give us a call at (888) 652-1325 or request a quote online today.
