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Ocean and Commercial Marine

There are more than 52,000 merchant ships in the world's merchant fleets

Your clients who build, operate, service and repair marine vessels face many exposures that can cause financial strain. All types of watercraft come with risks that can result in cargo or property damages, crew or passenger injuries and environmental damages.

Burns & Wilcox has the products and expertise needed to offer a variety of specialized insurance solutions tailored specifically to the needs of your clients.

Cargo

In March of 2018, an explosion set a ship ablaze in the Arabian Sea while it was carrying 7,860 containers at a distance of 340 nautical miles from the nearest island. In another case, 520 containers went overboard on a ship in the Suez Canal due to hurricane-forced winds creating 30-foot waves.

Such losses are not uncommon and they illustrate why proper coverage is vital. Cargo can be lost during the voyage or damaged due to fires, floods, hurricanes, windstorms or loading and unloading. Vessels are also at risk of being stranded, sunk or burnt. With between 5 million and 6 million containers on the high seas every day, there is ample opportunity for you to ensure these goods have the required protection.

Cargo Coverage is designed to protect your clients from losses stemming from their goods being damaged during ocean voyage, air transit, and overland transit. Partner with Burns & Wilcox for expertise specific to the cargo industry to limit exposure to potentially disastrous losses.

Freight Forwarder

Freight Forwarders act as an intermediary in providing a one-stop shop by providing various logistic services and acting as agents for the ship, air carrier, transportation broker or warehouseman. They operate under set trading conditions and generally are members of trade associations.

Coverage from Burns & Wilcox is designed to protect the Freight Forwarders against their legal liability for physical loss of/or damage to customer’s cargo and for consequential resulting losses. It also covers liability for financial loss incurred by a customer resulting from failure by the insured, partly or totally, to perform contractual obligations.

Hull and P&I

Protection and Indemnity (P&I) Insurance can broaden your clients’ coverage to include the indeterminate risks associated with the ownership and operation of a vessel.

Protection and Indemnity (P&I) Insurance was specifically created to address the unique needs of the marine industry. As a leading provider of wholesale specialty insurance, Burns & Wilcox delivers the knowledge and resources needed to limit exposure to the financial damages resulting from third-party liabilities.

Coupled with our fast quotes, competitive rates, excellent client service, and unparalleled access to markets and products, it is no wonder Burns & Wilcox is a top-rated excess and surplus coverage wholesaler for commercial ocean marine products.

Owners of commercial vessels face many perils which can result in damage to their ship. With a vesselout of commission, owners of marine-based business may be at risk for lost revenue. With repairs costing upwards of hundreds of thousands of dollars, it is important to ensure that adequate coverage is in place to mitigate the financial burden of getting a vessel back in service.

Burns & Wilcox can provide access to coverage for a variety of commercial boats of all sizes and types. From charter boats to research vessels, Hull Insurance through Burns & Wilcox safeguards your clients from the financial strain caused by physical damage to their vessels and machinery.

As a leading provider of wholesale specialty insurance, Burns & Wilcox has the breadth of products and experience you need to provide your clients with intelligent solutions for their marine vessel needs.

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Marine General Liability

In the ever-changing landscape of the ocean marine industry, marine professionals face many perils which can affect business operations. Without the proper insurance coverage in place, marine professionals can be exposed to financial strain if held liable for liability claims. Marine General Liability is the first steps in limiting this exposure and meeting the insurance needs of your client’s maritime operations.

Marine General Liability through Burns & Wilcox provides peace of mind for marine professionals ranging from stevedores, wharfingers, terminal operators, ship repairers, and more.

As a leader in providing access to wholesale specialty insurance, Burns & Wilcox has the products and expertise needed to safeguard the reputation and business operations of all your marine professional clients.

Coverage Details and Features

  • Access to Domestic & London Markets
  • Online Certificate Issuance System
  • Coverage for a wide array of shipments

Target Classes

(including but not limited to)

  • Boat dealers
  • Marine contractors
  • Boat or marine product manufacturers
  • Cargo (for shipments by vessel or air)
  • Marine service industry
  • Fishing guides
  • Excursion boats
  • Shipyards
  • Stevedores
  • Marinas
  • Wharf and dock owners
  • Waterborne contractors equipment
  • Recreational boats
  • Freight Forwarders
  • Hull and P&I

At Burns & Wilcox our expertise becomes your expertise. Our marketing materials are designed to help you give your clients what they want to hear – yes to almost any hard-to-place-risk.