Marine Hull & Equipment Insurance Program from LIG Marine Managers
LIG Marine Managers, Inc. offers a comprehensive Marine Hull & Equipment Insurance program designed to protect a wide range of commercial marine vessels and equipment. As a trusted Managing General Agency and Excess & Surplus Lines Broker, LIG brings decades of expertise in marine risks and provides access to a variety of markets and coverage solutions tailored for your maritime clients.
Ideal Accounts and Targeted Classes
This program is built for agents and brokers looking to place business for clients operating in the commercial marine industry. LIG targets a broad spectrum of vessel types, including:
- Brown Water Vessels
- Tugs, Barges, Push Boats, and Crew Boats
- Floating Drydocks and Dredges
- Passenger Excursion Boats and Casino Vessels
- Oceanographic Research Vessels (ORVs)
- Fire Boats and Commercial Fishing Vessels
- Blue Water Vessels and Drilling Rigs
- Gaming Vessels and other similar commercial vessels
Whether your client operates a small inland tug fleet or a large offshore research vessel, this program offers flexible underwriting for a wide range of marine risks.
Coverage Highlights and Advantages
The Marine Hull & Equipment Insurance policy provides coverage for physical loss or damage to scheduled vessels, including hull and machinery. The Vessel Clause typically covers:
- Hull, Launches, Lifeboats, Rafts
- Furniture, Tackle, Stores, and Bunkers
- Fittings, Apparatus, and Equipment
- Machinery, Boilers, and Refrigeration Units
- Insulation, Motor Generators, and Electrical Systems
- Installed Equipment owned by others
Available coverages include:
- Hull
- Machinery
- Increased Value
- Mortgage Insurance
- Freight War Risks
- Collision Liability
Limits start at $10,000,000 and can be customized higher based on individual risk profiles.
Underwriting Notes and Minimum Premiums
LIG offers flexible underwriting with access to both admitted and non-admitted markets, depending on the risk and jurisdiction. Minimum premium thresholds are as follows:
- $25,000 minimum if written as a monoline policy
- $10,000 minimum if written in conjunction with other supporting lines
Each risk is reviewed on an individual basis to ensure appropriate coverage and pricing.
Territories and Availability
This program is available nationwide, including all 50 states and Washington, D.C. Whether your client operates on the Gulf Coast, West Coast, Great Lakes, or inland waterways, LIG can help you find the right marine hull and equipment solution tailored to their operations.
Why Work With LIG Marine Managers?
LIG Marine Managers specializes in marine and related lines, offering deep underwriting knowledge and a responsive, agent-focused approach. With access to a wide range of carriers and the ability to handle complex and unique vessel risks, LIG is a trusted partner for placing hard-to-fit or high-value marine accounts.
For example, you might have a client who owns and operates a fleet of passenger excursion boats in a coastal resort area or a commercial dredging company with multiple tugs and barges. These are exactly the types of accounts that LIG is well-positioned to underwrite and support.
Contact LIG Marine Managers today to learn how their Marine Hull & Equipment Insurance program can help you serve your maritime clients more effectively.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for commercial vessel operators such as tugs, barges, dredges, passenger boats, casino vessels, and offshore research or drilling vessels.
What is the minimum premium requirement?
The minimum premium is $25,000 if written as a monoline policy, or $10,000 when written with other supporting lines.
Are both admitted and non-admitted markets available?
Yes, LIG Marine Managers accesses all available markets, offering both admitted and non-admitted options depending on the risk profile and location.
Can this program handle high-value vessels?
Yes, coverage limits of $10,000,000 and higher are available and can be tailored for high-value or complex risks.
Is this program available in all states?
Yes, the Marine Hull & Equipment Insurance program is available in all 50 states and Washington, D.C.
Need help placing an account? Connect with a market specialist.