Marine Liability Insurance
Marine liability forms used are industry leading and offer the broadest coverage available with bespoke solutions to fit clients’ needs. We offer marine liability protection for vessels and shore-side related exposures. Business may be written on both a primary and excess basis.
Our underwriters have extensive expertise and lead specialist and specifically designed coverage to meet clients’ requirements. We also have a dedicated in-house binder team to facilitate leading binders.
We offer a broad range of products including:
Coverage Options
APAC
Capacity $27.5m USD
What we do
- Vessel protection and indemnity
- Pollution (including US ‘brown water’ tug, barge and fishing vessels)
- Charterers’ liability
- Shipyard
- Terminal and port authority liabilities
- Maritime employers’ liability
- Marine professional indemnity (including shipping agents, ship managers, shipbrokers, marine surveyors and marine consultants)
UK
Capacity $75m USD
What we do
- Vessel protection and indemnity
- Pollution (including US ‘brown water’ tug, barge and fishing vessels)
- Charterers’ liability
- Shipyard
- Terminal and port authority liabilities
- Maritime employers’ liability
- Marine professional indemnity (including shipping agents, ship managers, shipbrokers, marine surveyors and marine consultants)
US & Bermuda
Capacity $20m USD
What we do
- Ship repairers legal liability
- Wharfingers legal liability, stevedores legal liability, charterers legal liability
- Cargo legal liability as well as cargo owners legal liability
- Terminal operators legal liability
- Protection and indemnity
- Marine general liability
- Excess and bumbershoot liabilities
Speak to one of our marine insurance specialist underwriters – select from the regions below
FAQs
What types of Marine Liability Insurance does Canopius offer?
At Canopius, we pride ourselves on providing industry-leading Marine Liability Insurance. Our coverage is broad and tailored to fit our client’s unique needs.
We offer marine liability protection for both vessels and shore-side related exposures. Our solutions are bespoke, ensuring that each client gets coverage that’s just right for them.
Can businesses obtain both primary and excess Marine Liability coverage?
Absolutely! We understand the diverse needs of businesses in the marine sector. That’s why we offer our Marine Liability Insurance on both a primary and excess basis.
This flexibility allows businesses to secure the level of coverage that best suits their risk management profile and operational requirements.
What expertise does the Canopius underwriting team bring to Marine Liability Insurance?
Our underwriting team at Canopius is packed with expertise. We lead with specialist and specifically designed coverage to meet our clients’ requirements.
Our team’s extensive knowledge and experience in the field allows us to craft insurance solutions that are both comprehensive and effective.
Plus, we have a dedicated in-house binder team that facilitates leading binders, ensuring that our clients receive top-notch service and support.
Is Marine Insurance Mandatory?
Marine insurance is not universally mandatory; however, it is often required by stakeholders involved in maritime trade, including shipping companies. Ship owners, cargo owners, and financial institutions typically insist on marine insurance, including marine liability insurance, to mitigate the risks associated with marine transport. This insurance provides protection against physical loss or damage to ships, cargo, terminals, and any transport or cargo by which property is transferred. Ensuring appropriate marine liability insurance coverage helps safeguard investments and maintain compliance with legal and contractual obligations, especially as climate change impacts maritime operations.
