Ocean Cargo

Ocean Marine Hull Coverage

Hull insurance protects against physical damage to a vessel and its operating equipment and machinery. This coverage isn't limited to ocean-going commercial vessels; it can also benefit tugboats, barges, various floating equipment, and even some fixed assets like offshore oil rigs and similar installations.

Ocean Marine Cargo Coverage

Ocean marine cargo policies cover waterborne cargo during any stage of the shipping process for physical damage. Some policies may also extend protection against theft and other forms of loss beyond physical damage. Coverage can be arranged for individual shipments or through open policies that encompass all shipments made during the policy term.

Ocean Marine Liability Coverage

Marine liability, often referred to as protection and indemnity (P&I) coverage, addresses a broad range of third-party liabilities that vessel owners may encounter during operations. P&I coverage typically includes:

• Injury, illness, or loss of life resulting from a vessel's operation
• Medical expenses related to any injury, illness, or loss of life
• Damage to other vessels or property due to collision
• Damage to other vessels or property from non-collision incidents
• Wreck cleanup and removal
• Damage to cargo under certain circumstances
• Expenses arising from quarantine