Marine
Core Marine Essentials: Inherent Risk Storms Can be Weathered
Core marine policies for a high-risk environment.
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March 24, 2025
Marine Cargo, Transit, & Terminal Risk Enterprises
Protecting Cargo Owners, Marine Contractors, Port Operators, and Global Logistics Networks with Advanced Insurance for Transport, Liability, and Physical Asset Exposure.
Marine transport operations face compounded risks from port delays and vessel damage to cargo loss and liability claims. We provide advanced marine insurance programs built to protect goods, vessels, and global operations.
90%
Of global trade moves through marine shipping channels and ports.
$2.2T
Global marine cargo insured value exceeds $2.2 trillion annually
23%
Of marine claims stem from container handling and port-side incidents.
The Unique Risks of the Marine Sector
Maritime commerce faces unpredictable exposures from international liability and lost cargo to weather events, piracy, and storage breakdowns requiring custom marine insurance programs aligned to logistics, geography, and vessel risk.
Cargo Damage and Spoilage - Loss from water intrusion, misloading, temperature failure, or transit delay.
Port Congestion and Delay - Financial loss due to extended berthing or container backlog.
Liability for Stevedoring and Terminal Operations - Injury, pollution, or property damage during cargo handling.
General Average and Maritime Law - Shared financial liability in vessel emergencies.
Political and Piracy Risk - Seizure, piracy, or war zone cargo disruption.
Our marine programs secure global cargo movement, port operations, and vessel activity through custom-built protection against loss, liability, regulatory exposure, and worldwide transit disruption.
Specialized Coverages for Marine Operations
Ocean Marine Cargo
Covers physical loss or damage to cargo during ocean transit
Theft, collision, weather, and contamination coverage
Single voyage or open cargo policies
Terminal & Stevedore Liability
Covers injury, property damage, or pollution during loading/unloading
Legal defense for incidents at docks, piers, and terminals
Required by many global port authorities
Marine General Liability (MGL)
Liability for bodily injury, maritime operations, and contractor activity
Pollution, wreck removal, and vessel damage protection
Compliant with U.S. Longshore & Harbor Workers Act
Hull & Machinery
Physical damage coverage for vessels, engines, and navigation systems
Grounding, collision, and machinery breakdown included
Suitable for owned or chartered vessels
Political Risk & Piracy
Covers confiscation, seizure, or hijack during transit
Losses tied to war, terrorism, or political unrest
Essential for Middle East, Africa, and Southeast Asia lanes
Case Study
The Risks of Global Shipping in a Volatile World
Suez Canal
Ever Given Grounding Incident
A container ship blocked global shipping for days, causing over $9B in trade losses daily.
Gulf of Aden
Piracy Threats Resume
Armed pirates boarded a tanker, leading to ransom negotiations and partial cargo loss.
Port of LA
Cargo Loss and Delay
Improper loading caused multiple containers to fall overboard, sparking multimillion-dollar claims.
