OCEAN MARINE
Liabilities appetite and target classes
Class of risk
AXIS offers marine liability coverage, Primary (Marine General Liability [MGL] and Maritime Employers Liability [MEL]) as well as Excess, and Bumbershoot liability.
Target classes
We target a wide range of marine liability exposures, including:
- Charterers Legal Liability
- Dredging operations
- Marine contractors (e.g., dock builders)
- Port authorities
- Ship chandlery and marine product sales
- Ship repairers/boatyards (commercial and pleasure craft)
- Specialty boat builders
- Terminal operators (liquid and bulk)
Coverage and capacity
Coverage includes third-party liability for bodily injury and property damage, passenger liability, wreck removal, and crew injury under the Jones Act. We also offer maritime employer’s liability and primary, excess, and bumbershoot coverage.
Capacity: Up to $15 million. We target primary liability, upper excess layers and prefer to write excess in conjunction with primary coverage.
Capabilities
- Enhanced forms tailored to terminal operators and ship repairers
- Strong focus on government and mid-Atlantic ship repair operations
- Ability to underwrite complex marine liability exposures
Limited (or restricted) appetite for:
- Bridge construction
- Diving
- Fishing vessels
- Marinas and boat dealers
- Yachts and pleasure craft
Product information is for descriptive purposes only, does not provide a complete summary of coverage, and is intended for use by licensed insurance producers. For our financial strength, individual insurance company ratings, and regulatory disclosures by jurisdiction, visit: https://www.axiscapital.com/product-information.
