Harbor Risk, a division of Safehold Special Risk, delivers specialized marine insurance solutions tailored to the needs of both commercial and recreational marine businesses. As a trusted general underwriter, Harbor Risk offers deep industry knowledge and a responsive underwriting approach to help agents confidently place a wide range of marine-related risks. Whether your client is building boats, operating a marina, or providing ferry services, our team is here to help you find the right coverage for their unique exposures.
Ideal Accounts and Appetite
Harbor Risk is well-suited for agents looking to place marine accounts across a wide spectrum of operations. We work with businesses of all sizes—from small artisan operations to large-scale marine contractors. Target classes include:
- Artisans
- Boat builders and dealers
- Cargo handlers and transporters
- Charter or rental operations
- Dock builders and dredgers
- Ferry services
- Marinas and marina operators
- Marine contractors
- Sailing schools and yacht clubs
- Ship repairers and stevedores
- Terminal operators
- Workboat operators
- Yacht brokers
If you have a client who owns a regional ferry service or operates a marina with repair facilities and boat rentals, Harbor Risk can help you tailor a package that addresses all of their key exposures.
Coverage Highlights and Advantages
Our marine program includes access to a broad range of specialized coverages that address both land-based and waterborne exposures. Available coverages include, but are not limited to:
- Marine general liability and protection & indemnity (P&I)
- Hull coverage
- Builders’ risk and boat dealer inventory
- Bumbershoot (excess liability)
- Cargo and inland marine equipment
- Marina operators’ and terminal operators’ legal liability
- Ship repairers’ legal liability
- Yacht brokers’ legal liability
- Employment practices liability and workers’ compensation
- Fine arts, crime, and electronic data processing
This robust selection of products allows you to build comprehensive insurance solutions that align with your clients' operational risks and compliance needs.
Underwriting Notes and Minimum Premiums
We offer flexible underwriting for most marine-related classes and do not impose a set minimum premium. This allows agents to submit a wide range of account sizes—from startups to large operations. Our underwriters work closely with you to evaluate each submission and provide tailored guidance.
Territories and Availability
The Harbor Risk Marine Program is available in most states across the U.S., including coastal, inland, and Great Lakes regions. Coverage is available in: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY.
Coverage is offered on an admitted basis in most available states, helping to meet local regulatory requirements and provide peace of mind to your clients.
Why Work With Safehold Special Risk
As a program administrator with deep specialization in marine insurance, Safehold Special Risk—through its Harbor Risk division—brings experienced underwriting, responsive service, and access to tailored marine markets. We understand the nuances of marine operations and work collaboratively with brokers to deliver the right solutions quickly and effectively.
From complex ship repair operations to small sailing schools, Harbor Risk is your go-to partner for specialized marine risks. Let us help you grow your book with confidence in this niche space.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for boat builders, marinas, ferry services, marine contractors, yacht brokers, and similar marine-related businesses.
Is there a minimum premium requirement?
No, there is no set minimum premium, allowing agents to place both small and large accounts.
Which states is this program available in?
The program is available in most U.S. states, including coastal and inland regions. A full list includes 48 states plus DC.
Can I submit both commercial and recreational marine risks?
Yes, the program is designed to accommodate both commercial and recreational marine businesses.
What types of liability coverage are included?
Available liability coverages include marine general liability, protection and indemnity (P&I), marina operators’ legal liability, and more.
Need help placing an account? Connect with a market specialist.