https://completemarkets.com/company/ligmarinemanagers/MarineBuildersRisk/
Overview of the Program
Our Marine Builders Risk Insurance program is designed for agents placing coverage for vessels under construction, refit, or undergoing pre-delivery operations. As a Managing General Agency and Excess & Surplus Lines broker, we provide flexible placements for single-vessel projects or ongoing builder operations. The policy can be tailored to cover the hull, materials, equipment and related property from the start of construction through final delivery to the client.
Ideal Accounts and Appetite
Recreational and commercial vessels of all types, including yachts, workboats, fishing vessels, ferries, and specialty craft
New construction projects by boatbuilders and shipyards—single contracts or programmatic builder's portfolios
Refits, extensive repairs, and conversions where physical loss or damage exposure during construction or transit is the primary concern
Accounts that require Protection & Indemnity cover for sea trials, demonstrations, and delivery movements
We typically write risks with substantial values—policy limits start at $5,000,000 and up. The program can accommodate complex hull values and multi-year builder operations when underwriting information is complete.
Coverage Highlights and Advantages
Builders Risk Clauses that cover materials, equipment, and the vessel during construction, dockside storage, and while afloat where specified
Protection & Indemnity coverage available for sea trials, demonstration runs, and delivery transits when required by the builder or purchaser
Flexible placement options through admitted and non-admitted markets to match client needs and state requirements
Access to multiple carriers (varies by submission) through our E&S relationships—enabling coverage for hard-to-place exposures
Claims handling and loss control guidance geared to marine construction exposures
Underwriting Notes and Minimum Premiums
To quote effectively, provide complete construction specifications, hull plans, builder’s risk values, intended launch and delivery dates, description of sea trials or transit exposures, and information on yard operations and subcontractors. The program generally requires high-quality loss history and detailed schedule of values for complex or high-limit placements.
Minimum premium: $25,000. Final premium and terms depend on vessel value, scope of work, transit exposures, and the selected carrier appetite.
Appetite Restrictions (Typical)
Preferred: professional yards and builders with documented procedures, experienced crews, and formal risk controls
May be declined or require special terms for speculative construction without detailed plans, certain military contracts, or vessels expected to operate in high-risk war/piracy zones unless specifically negotiated
High-hazard operations (e.g., heavy excavation adjacent to hull, unapproved design changes, or undocumented subcontractor work) will require tailored underwriting and may increase pricing or exclusions
Territories and Availability
Available across a broad footprint: 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, WY. We place business in both admitted and non-admitted markets as required—please advise your preferred placement and any state-specific compliance needs when submitting.
Why Work With Us on Marine Builders Risk
Specialized marine underwriting and E&S distribution that understands vessel construction and delivery exposures
Flexible solutions for single-project risks or ongoing builder portfolios
Access to varying carriers and terms—we can often place difficult or high-limit accounts other markets avoid
Responsive submission intake and underwriting guidance to shorten quote cycles
Please contact us today for more information on our Marine Builders Risk program!
Frequently Asked Questions
What types of accounts are a good fit for this Marine Builders Risk program?The program is best for boatyards, shipbuilders and owners building or refitting recreational and commercial vessels who need coverage for hull, materials and related property during construction, sea trials, and delivery. We write single-vessel contracts and builder’s ongoing operations with sufficient underwriting detail.
Does the policy include Protection & Indemnity for sea trials and delivery?Yes. Protection & Indemnity for sea trials, demonstrations and delivery movements can be included when requested. Provide details about the planned trial area, crew, pilotage and route so the underwriter can evaluate transit liability exposures.
What minimum documentation is required with a submission?At minimum, provide a schedule of values or estimated hull value, construction timeline, scope of work, location of building/launch, loss history, and details on subcontractors and yard controls. More complex or high-limit risks will require plans and additional technical data.
What is the minimum premium and how are limits handled?The program’s minimum premium is $25,000. Policy limits typically start at $5,000,000 and are adjusted to match the vessel value and project exposure. Final premium is determined by vessel type, value, transit exposure, and carrier selection.
Are you able to place risks in admitted markets?Yes. We work with admitted and non-admitted carriers across multiple markets. Tell us the preferred jurisdiction and any admitted requirement up front so we can target the appropriate carrier options.
Need help placing an account? Connect with a market specialist.
https://completemarkets.com/company/ligmarinemanagers/marine-general-liability-package/
Marine General Liability Insurance Program from LIG Marine Managers, Inc.
LIG Marine Managers, Inc. offers a dedicated Marine General Liability Insurance package for middle-market commercial marine risks. The program combines specialized underwriting, flexible placement (admitted and non-admitted), and streamlined administration to help you place complex marine liability exposures across a wide range of classes.
Ideal Accounts and Target Classes
This program targets commercial marine accounts with annual premiums between approximately $10,000 and $150,000. Typical classes we write include:
Boat repairers and ship repair facilities
Diving and underwater contractors
Dock, pier and waterfront construction companies
Dredging contractors
Marine and waterfront contractors
Shipyards and boatyards
Stevedores and longshore operations
Terminal operators and cargo handlers
Wharfingers and landing owners
The program is well suited for clients with specialized liability exposures tied to hull operations, marine construction, waterfront property, and cargo/terminal activities.
Coverage Highlights and Advantages
You can place coverage on a monoline basis or combine lines to create a tailored package. Key coverage components include:
Section 1 – $1,000,000 Combined Single Limit (CSL):
Marine General Liability
Ship Repairers Legal Liability
Stevedores and Terminal Operators Liability
Tankerman’s Liability
Wharfingers and Landing Owners Legal Liability
Protection & Indemnity (P&I) with optional crew coverage
Section 2 – Up to $4,000,000 Combined Limit (and higher):
Hull
Marine equipment
Builders’ risk for marine construction
Excess/Umbrella: Limits available up to $10,000,000.
Program Advantages for Agents
Consistent carrier panels and a single-program structure to simplify placement.
Faster quoting and streamlined underwriting for middle-market risks.
Dedicated claims adjuster assigned across participating carriers where possible.
Consolidated claims handling — a single check is issued for most claims once approved by the lead carrier.
Enhanced commission opportunities for producers delivering a steady flow of marine business.
Underwriting Notes and Minimum Premium
The program’s minimum premium starts at $10,000. LIG’s underwriters evaluate technical exposures and structure limits and endorsements to match an insured’s operations. While the appetite is broad across typical marine classes, high-hazard accounts with large environmental or pollution exposures, chronic loss history, or operations outside the middle-market scope may require referral or alternate placement.
Territories and Placement Options
The program is available nationwide — all 50 states and the District of Columbia — and offers both admitted and non-admitted placement depending on state requirements and the account’s profile. Carrier participation varies by risk and state.
Why Place Marine General Liability with LIG Marine Managers?
As a specialized Managing General Agency and Excess & Surplus Lines broker, LIG brings decades of marine experience and direct access to multiple markets. Their team offers focused underwriting, efficient turnarounds, and consolidated claims service that make it easier for you to place complex marine liability and related lines for middle-market clients.
Example accounts that fit this program
A regional shipyard that performs vessel repair and dry-docking, seeking combined GL, ship repairers legal liability, and P&I limits.
A marine construction contractor doing dock and pier projects and dredging work that needs builders’ risk, GL, and terminal/stevedore liability in a single placement.
Please contact us today for more information on our Marine General Liability Package Program!
Frequently Asked Questions
What types of accounts are a good fit for this program?This program is ideal for middle-market commercial marine risks such as boat repairers, shipyards, marine contractors, dredging operations, stevedores, and terminal operators with annual premiums starting at about $10,000.
Can coverage be written on a monoline basis?Yes. Most coverages can be written monoline or bundled with other marine lines to match the specific exposures of your insured.
What limits are available under this program?Section 1 typically offers a $1,000,000 CSL. Section 2 can provide up to $4,000,000 or higher for hull, equipment, and builders’ risk, with excess/umbrella options up to $10,000,000.
Which states is this program available in?The program is available in all 50 states and the District of Columbia. Placement can be admitted or non-admitted depending on the state and risk profile.
What makes LIG Marine Managers different from other MGAs?LIG combines marine-specialist underwriting with a consistent carrier panel, streamlined quoting, and consolidated claims handling — making it easier for agents to place and service complex marine risks.
Need help placing an account? Connect with a market specialist.