Ocean marine insurance — Marine Liabilities and Marine General Liability

Marine General Liability (MGL), the core of a marine liability protection, covers general liability exposures on an occurrence basis. The form may also be tailored to include additional marine liability exposures that are traditionally written on a mono-line basis.

Key coverage features include:

  • No discovery clause
  • $1 million per occurrence and $2 million general aggregate limits
  • No errors and omission exclusion
  • Worldwide policy territory — provided the suit is brought in the U.S. or Canada

Customer profile

  • Marina operators, charterers, ship repairers, stevedores, wharfingers and terminal operators.

To ensure your maritime operation and your insurance coverage are in-synch, Travelers can create a well-coordinated marine liability package. Add any of the following marine liability coverages to your MGL policy:

Coverage

Customer Profile

Marina OperatorsCovers liability for property damage to private pleasure vessels.
  • Inland and coastal marinas
Coverage often written in conjunction with stevedores and wharfingers liability
CharterersCovers the legal or contractual liabilities that a charterer has to a vessel owner for various obligations.
  • Importers, exporters or traders of bulk commodities who enter into a negotiated bilateral contract with the owner of the vessel for the use of the vessel
  • Voyage charters
Ship RepairersProtection while in the care, custody and control of the insured for the purposes of repair and alterations.
  • Ship repairers
  • Marine contractors
StevedoresCovers stevedores liability in connection with direct physical loss or damage to property of others arising out of the loading or discharging of vessels while in the care, custody or control of the insured.
  • Stevedores
Coverage often written in conjunction with wharfingers liability.
WharfingersCovers the legal liability of owners or operators of docks or piers for physical loss to vessels, barges and equipment while in their care, custody and control.
  • Companies serving commercial vessels as they load, unload, or while laid up in storage
Coverage often written in conjunction with stevedores liability.
Terminal OperatorsCovers legal liability in connection for damage to cargo in the care, custody and control of the insured for the purpose of being imported or exported.
  • Terminal operators
Coverage often written in conjunction with stevedores and wharfingers liability.
This is only a general description of coverages and of the available types of insurance and is not a statement of contract.  Details of coverage, limits or services may not be available for all businesses, with all programs, and may vary in some states.  All coverages are subject to the terms, provisions, exclusions and conditions of the policy itself and in any endorsement.

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