ProSight Specialty Insurance offers a comprehensive Marine Insurance program tailored to meet the complex and unique needs of businesses operating in the maritime and energy sectors. Whether your client operates commercial vessels, transports cargo, manages offshore drilling operations, or provides marine contracting services, ProSight’s experienced underwriting team is equipped to evaluate and write even the most challenging risks. We provide flexible solutions for a wide range of exposures that many other markets may not entertain.
Ideal Accounts and Appetite
ProSight is a strong partner for agents and brokers placing marine and energy-related risks that require specialized coverage and underwriting insight. Target classes include:
- Commercial vessel owners and operators
- Shippers, freight forwarders, and cargo handlers
- Marine contractors and ship repair operations
- Wharfowners, stevedores, and terminal operators
- Offshore and onshore oil and gas exploration and production firms
- Charterers and maritime employers with Jones Act exposures
We welcome both traditional and non-traditional marine accounts, including those with complex operations or unique exposures.
Coverage Highlights and Advantages
ProSight Marine Insurance program offers a wide array of coverages designed to protect maritime businesses from operational, liability, and catastrophic risks:
- Hull and Machinery War Risk: Protection against war, strikes, riots, and civil commotions impacting commercial watercraft.
- Cargo and Cargo War Risk: First-party and third-party coverage for goods in transit or temporary storage, including war-related perils.
- Protection and Indemnity (P&I): Primary and excess liability coverage for vessel operations, including crew injury and cargo liability.
- Charterers' Legal Liability: Coverage for liabilities arising under charter party agreements.
- Shoreline Marine Liability: Tailored for shipyards, terminal operators, and related shoreline operations.
- Marine Contractors' Liability: Coverage for contractors servicing marine and energy clients.
- Maritime Employers Liability (Jones Act): Protection for employers with Jones Act employee exposures.
- Marine Umbrella (Bumbershoot) Liability: Excess liability over marine and non-marine primary coverages.
- Onshore and Offshore Oil and Gas: Covers physical damage and liability for rigs, vessels, pipelines, and well control.
- Energy Umbrella (Bumbershoot) Liability: Excess protection for energy sector risks, including marine, CGL, and auto liabilities.
Underwriting Limits
ProSight offers robust limits to accommodate a wide range of risks:
- Hull: Up to $10,000,000
- War Hull: Up to $22,000,000
- Energy: Up to $12,500,000
- Marine Liability: Up to $40,000,000
- Cargo / War Cargo: Up to $30,000,000
Territories and Admitted Status
This program is available in all 50 states and Washington, DC. Both admitted and non-admitted options are available depending on the risk and state requirements, allowing flexibility in placement and compliance.
Why Work With ProSight Specialty Insurance?
ProSight stands out for its willingness to entertain risks that other carriers may decline. Our deep expertise in marine and energy sectors, paired with a flexible underwriting approach, enables agents to place nuanced accounts with confidence. Whether you're working on a standard marine liability account or a complex offshore drilling operation, ProSight delivers tailored solutions backed by knowledgeable professionals.
You might have a client who operates a fleet of support vessels in the Gulf or a marine contractor involved in both inland and offshore work—ProSight has the appetite, coverage, and capacity to support these clients and more.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for commercial vessel operators, marine contractors, cargo handlers, ship repairers, and oil and gas exploration companies.
Can ProSight write unusual or hard-to-place marine risks?
Yes, ProSight specializes in evaluating non-standard and complex marine exposures that may not be considered by other carriers.
Is this program available on both an admitted and non-admitted basis?
Yes, coverage can be written on an admitted or non-admitted basis depending on the specific state and risk characteristics.
What are the coverage limits available?
Limits vary by coverage type, ranging from $10 million for hull to $40 million for marine liability and $30 million for cargo-related coverages.
Which states is this program available in?
This program is available in all 50 states and Washington, DC.
Need help placing an account? Connect with a market specialist.