Ideal Accounts and Appetite
This program is tailored for contractors engaged in underwater operations including commercial diving, subsea construction, and marine support services. Target classes include businesses involved in:
- Vessel salvage and wreck removal
- Non-destructive testing and underwater inspections
- Subsea pipeline and cable placement
- Hull and propeller cleaning
- ROV (Remotely Operated Vehicle) operations
- Pollution response and control
- Underwater welding, cutting, and structural repair
- Dredging and channel deepening services
- Installation and replacement of underwater valves and components
Whether your client is a well-established subsea contractor or a specialized dive service provider, this program offers flexible underwriting options for a wide range of risk profiles.
Coverage Highlights and Advantages
Through Sloan Mason, agents gain access to a suite of marine and contractor-specific coverages, including:
- General Liability
- Pollution Liability
- Umbrella/Excess Liability
- Workers Compensation including USL&H
- Maritime Employers Liability (MEL)
This comprehensive offering is structured to address the unique exposures faced by underwater and marine contractors, such as employee injury, equipment damage, third-party liability, and environmental risks.
Underwriting Requirements and Minimum Premiums
To ensure a thorough underwriting review and competitive quoting, the following documentation is required:
- 5 years of payroll history
- 5 years of currently valued loss runs (carrier-issued, within 90 days of requested effective date)
- ACORD application and applicable supplements
Minimum premiums for this program are as follows:
- $25,000 for General Liability
- $5,000 for Pollution Liability
- $10,000 for Umbrella Liability
- $10,000 for Workers Compensation (USL&H)
- $10,000 for Maritime Employers Liability
Territories and Availability
This program is available in most U.S. states, including coastal and inland regions. Sloan Mason offers this coverage in all 50 states plus Washington, DC, ensuring nationwide access for your marine and diving contractor clients.
Why Work With Sloan Mason
As a wholesale broker with deep expertise in marine and environmental risks, Sloan Mason brings decades of experience to the table. Their relationships with multiple 'A'-rated carriers and focus on niche underwriting allow agents to place challenging accounts with confidence. Whether your client is cleaning hulls in California, installing pipelines in the Gulf, or performing ROV surveys in the Great Lakes, Sloan Mason has the tools to help you succeed.
Frequently Asked Questions
What types of accounts are a good fit for Sloan Mason’s Diving and Subsea Contractors Insurance?
Ideal accounts include commercial diving firms, subsea construction contractors, ROV operators, dredging companies, and marine salvage businesses.
What documentation is required to get a quote?
You’ll need 5 years of payroll history, 5 years of currently valued loss runs, and completed ACORD and supplemental applications.
What are the minimum premiums for this program?
Minimum premiums vary by coverage line, starting at $5,000 for Pollution and $25,000 for General Liability.
Is this program available nationwide?
Yes, the program is available in all 50 states and Washington, DC.
Can this program handle accounts with USL&H or Maritime Employers Liability exposures?
Yes, Sloan Mason offers coverage for both USL&H and Maritime Employers Liability through 'A'-rated carriers.
Need help placing an account? Connect with a market specialist.