Ocean Marine and Cargo

Coverage That’s Watertight

In this age of global trade, the need to evolve and strive for increased innovation can be challenging. The demand to figure out new ways of doing business, earning money and distinguishing yourself from the competition is at an all-time high.

We understand it’s rough out there. But leverage us. With our specialist team of seasoned underwriters, we have the ability to develop innovative solutions built to your needs. We are always thinking about how to be more economical and increase operational efficiency. So keep focusing on the horizon. And remember, as the saying goes, “a smooth sea never made a skilled sailor.”

Marine Liability

Offers coverage for an insured’s third party liabilities arising out of property damage (including pollution) and bodily injury (including crewmen injuries) and more.

Our Focus

  • Vessel owners
  • Charterers
  • Wharf owners
  • Shipbuilders and repairers
  • Terminal operators
  • Stevedores
  • Contractors serving the marine industry
  • Onshore and offshore oil and gas exploration and production (includes drilling rigs, pipelines, support vessels, and platforms)

Your Insurance Options

We provide a strong portfolio of capacity and coverage including Primary, Excess Marine liability and Umbrella Coverage with excellent security, a key consideration when purchasing coverage for long tail liabilities. We are able to provide limits up to $40,000,000 to clients insured for the following specialized marine liability products:

  • Protection and Indemnity
  • Charterer’s Legal Liability
  • Ship Repairer’s Legal Liability
  • Stevedore’s Legal Liability
  • Wharfinger’s or Landing Owner’s Legal Liability
  • Marine Terminal Operator’s Legal Liability
  • Marine Products Legal Liability
  • Marine Contractor’s Legal Liability
  • Maritime Employer’s Legal Liability
  • Excess Liability Coverage

Cargo

Our cargo insurance provides first and third party coverage for cargo owners, shippers, consigners, and freight forwarders.  It provides protection for loss or damage to cargo both while it is being shipped and while it is in temporary storage.

Additionally, through our partnership with Avalon Risk Management, we offer coverage for the logistics industry, including freight forwarders, property transportation brokers, NVOCC’s, and customs brokers.

Our Focus

  • Importers and Exporters
  • Manufacturers
  • Wholesalers
  • Distributors
  • Logistics Providers

In addition to the perils of the seas, air, and land, there are many other perils and hazards to which goods in transit may be exposed.

Your Insurance Options

  • Temporary Storage for Warehouse Inventory
  • Domestic Transit
  • Foreign Inland Transit
  • Consolidation/Deconsolidation
  • Difference in Conditions
  • Strikes, Riots & Civil Commotions (SR&CC)
  • War Risk

Hull and Machinery

We have the ability to protect owners and other parties with an insurable interest in vessels, drilling rigs and the like against loss or expense incurred in repairing or replacing property damaged, destroyed, or lost due to a covered peril.  An additional coverage for loss of earnings can be acquired for those with an insurable interest in a marine venture.  This coverage enables the insured to recover lost earnings when the vessel cannot be utilized due to an insured loss.

  • $10 million in Hull capacity – can be used as part of a subscription policy (when the vessels exceed $10 million in insured value) or on 100 percent replacement
  • Hull War capacity is $10 million

Major Types of Hull Insurance

  • Brown Water – Vessels that are involved in river/harbor business (tugs, barges and harbor craft)
  • Great Lakes Vessels – Bulk carriers that haul cargo between ports on the Great Lakes

Related Coverage

  • Hull War and Strikes
  • Total Loss Only
  • Limited Condition Hull Coverage

Marine Package

Offering all coverage for Marine clients. Coverages include all Marine Lines plus Automobile Liability and Property Damage, Workers Compensation, Inland Marine and Real Property.

Contact Options

Email
inquiries@prosightspecialty.com

Fax
1-800-326-2864

Telephone
(973) 532-1900

Mailing address
ProSight Specialty Insurance
412 Mount Kemble Ave.
Suite 300C
Morristown, NJ 07960

Get a Quote

Innovative Solutions

From unique products and services to exclusive offerings, we work hard to bring you solutions that go beyond traditional insurance coverage.

Background Checks

Protect your organization and provide a safe place.

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Data Compromise

They say safety is in numbers. Helping you manage fallout.

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Expert Claims Handling

A dedicated approach to claims investigation, evaluation and communication.

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Data Protection

Automated backup paired with enterprise-grade cloud service.

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Our Partner

We believe in a different approach to insurance – one that will outcompete and outperform in the industry. With a focus on select niches, we deliver deep expertise, responsiveness to customer needs, and continuous innovation. It’s what we call the ProSight Difference – and its success has been proven again and again, through market-leading growth, loss performance and brand leadership.

Meet Our Team

Mark EngelProgram Executive
Meet Mark