Marine Liability

Why choose AIG Marine Liability?

AIG offers insurance products for transportation companies, stevedores, wharfingers, terminal operators and port authorities, shipyards, repairers, bunkermen, charterers, pilots, and marine contractors worldwide.

Target Classes: Medium-to-large ports and terminals, marine transportation, shipping & logistics companies, marine construction and vessel charterers.

  • Primary Marine General Liability ($1M capacity) with selective appetite for up to $5M Primary Liability and Excess Liability ($25M capacity)
  • Lead and follow capability
  • Ability to cover ancillary marine exposures with MGL, including Hull, Protection and Indemnity (P&I) and Inland Marine
  • US and Canada admitted security
  • Consultation regarding selection of transport route, means of conveyance, packaging, security requirements, etc,. for special transport risks
  • Small to Medium Enterprise (SME) Marine Construction Package capability

The AIG Advantage

  • Addresses the full spectrum of marine liability and coverage needs through deep industry experience and the ability to deliver specialized, flexible solutions 

  • Coordinates dedicated underwriting and claims experts to understand clients’ risk profile and create customized programs for Primary and Excess placements

  • Provides tailored solutions for businesses of all sizes with exposures around the world across a wide range of industry segments from ports and terminals to shipyards to transportation 

  • Delivers world-class multinational expertise, sustainable solutions and supportive claims service to clients in a globally consistent and seamless fashion 

  • Combines access to one of the industry’s largest global networks, spanning approximately 70 countries and jurisdictions, with local in-country expertise 

  • Empowers clients with innovative technology and tools to systematically evaluate multinational insurance needs, from compliance to claims handling 

  • Provides Marine Loss Control teams of licensed master mariners and vessel chief engineers with experience as adjusters and surveyors
  • Partners with clients to analyze exposures and loss histories and details risk control recommendations and underwriting solutions for ports and marine terminals
  • Provides dedicated and experienced claims team, to help clients effectively resolve claims

Real-World Problem Solving

Benefit from our proven experience in working with customers and their brokers and agents to deliver successful outcomes.

Challenge

A government contractor required a cyber product to sit alongside their marine shipbuilding exposures.

Solution

AIG Marine Liability worked closely with the AIG cyber team to customize a program to address the client’s exposure, fill in the gaps around coverages and provide a solution that other carriers could not offer.

AIG Benefit

Collaboration among the client, broker and AIG Marine Liability team resulted in the contractor receiving the tailored coverages it needed.

Challenge

A marine terminal client recently acquired a company with assets located in the U.S. and Canada, which required local coverage in both countries.

Solution

AIG deployed local admitted coverage that covered various layers in the client’s liability tower.

AIG Benefit

AIG’s global network was there to quickly provide the client with local underwriting expertise and market leading capacity.

Challenge

A Marine Liability client needed to benchmark their risk and safety procedures against their peers.

Solution

AIG Marine Loss Control Engineering (MLCE) conducted a tabletop exercise and onsite review of the insured’s operations to assess against best practices.

AIG Benefit

MLCE collaborated with the client to create and implement a prescriptive risk management program.

Brokers: Meet Your AIG Team

View contact information for AIG’s national product and distribution teams.

Downloadable Materials

Filename
aig-marine-liability-highlight-sheet.pdf
Size
235 KB
Format
application/pdf
Marine Liability Highlight Sheet

The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. Anyone interested in the above product(s) should request a copy of the standard form of policy for a description of the scope and limitations of coverage.