Comprehensive Excess Liability Solutions for Marine Risks
LIG Marine Managers, Inc. offers a robust Umbrella / Bumbershoot / Excess Liability Insurance program designed specifically for businesses operating in the commercial marine sector. With decades of marine insurance expertise, LIG provides agents with access to specialized markets and tailored coverage solutions for complex marine exposures that require higher limits of liability protection.
Ideal Accounts and Appetite
This program is ideal for a wide range of marine-related operations that need excess coverage beyond standard liability limits. Target classes include:
- Marine General Liability (CGL) accounts with care, custody, and control (“CCC”) exposures
- Stevedores and Terminal Operators
- Ship Repairers and Wharfingers
- Operations requiring Protection & Indemnity (P&I) with collision and tower liability
You might have a client who operates a busy shipyard, or a marine terminal with significant CCC exposure — this program can provide the high-limit backup they need to meet contractual and risk management requirements.
Coverage Highlights and Advantages
- Available on all commercial marine exposures
- Supports Marine CGL with CCC exposures, including:
- Stevedores Legal Liability
- Shiprepairers Legal Liability
- Wharfingers Legal Liability
- Terminal Operator Legal Liability
- Protection & Indemnity coverage, including collision and tower liability (in Hull form)
- Available as monoline or as part of a package policy
- Can include underlying Auto, MEL (Maritime Employers Liability), and OPA (Oil Pollution Act) lines
- Minimum requirement: underlying carriers must be rated “A” or better
- Limits starting at $10,000,000 — higher limits available as needed
Underwriting Notes and Minimum Premiums
LIG offers underwriting flexibility but requires solid underlying coverage structures. Minimum premiums start at:
- $25,000 when written on a monoline basis
- $10,000 when written in conjunction with supporting lines
Submissions should include complete details of all underlying coverages and risk exposures.
Territories and Availability
This program is available nationwide, including all 50 states and the District of Columbia. LIG writes through all available markets, giving you access to both admitted and non-admitted options based on your client’s needs and location.
Why Work With LIG Marine Managers?
LIG Marine Managers is a trusted Managing General Agency and Excess & Surplus Lines Broker known for its deep specialization in marine and longshore-related risks. With access to a wide range of markets and a hands-on underwriting approach, LIG helps agents place complex marine liability accounts that require expert handling and creative structuring.
Whether your client is a ship repairer with significant CCC exposure or a terminal operator needing high-limit P&I coverage, LIG Marine Managers has the experience and markets to help you deliver the right solution.
Please contact us today for more information on our Umbrella / Bumbershoot / Excess Liability program!
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is best suited for marine businesses such as stevedores, ship repairers, terminal operators, and others with CCC exposures or P&I needs.
Can this excess liability coverage be written on a monoline basis?
Yes, it can be written as monoline coverage or as part of a package policy, depending on the account and supporting coverages.
What is the minimum premium for this program?
The minimum premium is $25,000 when written monoline, and $10,000 when written with other supporting lines.
Are both admitted and non-admitted markets available?
Yes, LIG writes through all available markets, giving agents access to both admitted and non-admitted options depending on the risk and location.
Does the program require specific ratings for underlying carriers?
Yes, all underlying carriers must be rated “A” or better.
Need help placing an account? Connect with a market specialist.