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To navigate today’s evolving challenges and risks, you need a risk management advisor with marine expertise.

100+ years of marine expertise and 600 specialists placing US$3 billion in global premium

As global trade stretches into more remote corners of the world, the entire maritime industry enjoys new growth opportunities. It also faces new challenges, unpredictable costs, and the ever-present potential for catastrophic loss. The speed of change keeps accelerating, requiring swift responses and greater operational efficiencies.

Marsh’s Marine Practice is a leading advisor to the maritime industry on risk and insurance issues. Our globally coordinated team of nearly 600 maritime specialists places approximately US$3 billion in marine premiums globally, identifying cost-effective, often hard-to-find insurance solutions. We help clients differentiate their risk profiles, enabling them to better compete for insurer capacity.

With specialized marine expertise backed by industry-leading data, analytics, and benchmarking, we help determine and prioritize exposures and determine how much risk your balance sheet can comfortably retain. We use technology to develop innovative risk management solutions specifically for the maritime industry. And our dedicated marine claims staff helps to accelerate claims payments to maintain cash flow.

With Marsh’s Marine Practice, you can minimize total cost of risk, help protect your balance sheet amid business challenges, and stay competitive in an increasingly global marketplace.

Hull and Machinery

Marsh’s Marine Practice is a recognized industry leader, defining, designing, and delivering risk management solutions to vessel owners, operators and charterers.  Our colleagues can provide assistance with the risk assessment, insurance placement and marine claims management for all marine activities from the building, operation and repair of:

  • Tankers
  • Container vessels
  • Cruise liners
  • Bulk carriers
  • Ferries
  • Dredgers
  • Offshore supply vessels
  • Tugs
  • Barges
Marine Liability

Marine Liability (including Protection and Indemnity) focuses on liability risks for clients with exposures in the direct or indirect marine operations, offering exclusive facilities for:

  • Charterers liability
  • Stevedores/wharfingers liability
  • Marine terminal operators liability
  • Port authorities liability
  • Shiprepairer’s legal liability
  • Bumbershoot (umbrella) liability
  • Marine general liability
  • Freight forwarders legal liability/errors and omissions
  • Motor truck legal liability
  • Marine pollution
  • Certificates of financial responsibility (COFR)
  • Package policies including waterfront liability
  • Protection and indemnity both with international protection and indemnity clubs and fixed market writers

Cargo insurance is designed to provide protection against all risks of physical loss or damage, from any external cause, to goods while in the course of transit. Marsh offers web-based shipment reporting systems that are easy to use and take only minutes to complete. Additionally, our program offers the following:

  • Competitive rates
  • Insurance coverage rather than just legal liability
  • Simple online declaration procedure that takes only minutes to complete
  • Claims service that is client-focused, working with you and your clients
  • 24 hour technical support available at your fingertips

Marsh solutions have been designed specifically for:

  • International freight forwarders, load and transportation brokers CargoCover.com
  • Small to mid-size businesses that ship by courier ParcelCover.com
  • Load brokers, Truckers and Movers

Marsh Marine clients have access to the MarshCargo.com Online Account Management System, leading edge technology that saves time and expense by bringing together the services of your Marsh broker, claims specialists, and underwriters with immediate access to coverage and efficient online support.