| Product Line: |
Marine & Energy |
| Class: |
Marine Liability |
| Sub Class: |
Marine Contractor's Liability |
| Contact: |
Robert Palmer |
| Coverage: |
Provides liability coverage to contractors servicing the marine and energy industries. |
| Geography: |
Worldwide |
| Paper: |
New York Marine And General Insurance Company
Gotham Insurance Company |
| Typical Insureds: |
Any firm that would normally purchase a CGL policy but is seeking the underwriting and claims-handling expertise of a marine market. |
| Underwriting Concerns: |
Those concerns generally associated with any non-marine CGL (nature of the work performed, receipts history, payroll, subcontracting costs,loss history, etc.).
Description of any ongoing projects, as well as the firm’s five most recently completed projects Watercraft exposures.
Does the insured own or charter any vessels?
Will employees of the insured be transporting or working on vessels owned or chartered by third parties?
Additional Insured and Hold Harmless requirements |
| Tips: |
By amending the watercraft exclusion and including wreck-removal coverage, a CGL can provide coverage for most contractors’ P&I exposures other than injury to employees. See Marine Employer’s Legal Liability for coverage for employee crew claims. |