Commercial Marine Pkg

This program continues Marine N-Surance Brokers’ strategy of developing specialty products for the Marine Industry. This product is designed for a large array of commercial marine businesses which can be found throughout the United States. The following is only a small sample of the type of businesses that may qualify under this program.

Marine Contractor Commercial boat builder Yacht manufacturer
Ship repair yard Terminal operator Passenger vessel operator
Stevedore Tankerman Marine artisan
Wharfinger Dock / Bulkhead builder Dredging contractor

You will now be able to consolidate multiple policies into one package with one of the leading U.S. marine insurance underwriters. The MNB Commercial Marine Package Policy gives you one policy from one underwriter with flexible payment options, including Direct Bill.

UNIQUE PROGRAM FEATURES

  • Combined Single Deductible for all liability coverages.
  • Demurrage coverage available for Marine Bailee Liabilities.
  • Pollution Liability coverage available up to the Liability Occurrence Limit.
  • Builders Risk coverage for commercial vessels and a form designed specifically for private pleasure boat builders.
  • Combined Single Deductible available to cap individual deductibles for multiple property exposures.
  • Pollution Physical damage coverage available for covered property up to $100,000.
  • Transition Period for current IMU policies (MCL) to protect against any difference in coverages.

You will now be able to consolidate multiple policies into one package with one of the leading U.S. marine insurance underwriters. The MNB Commercial Marine Package Policy gives you one policy from one underwriter with flexible payment options, including Direct Bill.

UNIQUE PROGRAM FEATURES

  • Combined Single Deductible for all liability coverages.
  • Demurrage coverage available for Marine Bailee Liabilities.
  • Pollution Liability coverage available up to the Liability Occurrence Limit.
  • Builders Risk coverage for commercial vessels and a form designed specifically for private pleasure boat builders.
  • Combined Single Deductible available to cap individual deductibles for multiple property exposures.
  • Pollution Physical damage coverage available for covered property up to $100,000.
  • Transition Period for current IMU policies (MCL) to protect against any difference in coverages.

COVERAGES AVAILABLE:

1. Liabilities –

  • Marine General Liability
    • Hired / Non-owned Auto Liability
    • Employee Benefits Liability
    • Stop Gap Liability
  • Protection & Indemnity
    • Crew coverage
    • Cargo Liability
    • Non-owned Vessels P&I
    • Marine Bailee P&I
    • Builders Risk P&I
  • Marine Bailee Liability
    • Ship Repairers
    • Stevedores
    • Terminal Operators
    • Wharfingers
    • Tankerman
  • Pollution Liability
  • Terrorism Coverage

2. Hull

  • Hull Physical Damage
  • Hull Builders Risk

3. Marine Property

  • Piers / Wharves & Docks
  • Mobile Equipment
  • Building, Contents and Business Income & Extra Expense
  • Pollution Physical Damage

Not all coverages are available in all areas. Contact your Regional MNB underwriter to discuss eligibility and coverage availability for your specific risks. Request a Transition Period Policyholder’s Notice from your Regional Office for details on converting current MCL policyholders. See our web site (www.mnbins.com) to obtain a CMP application.

Click below to download :
Click here to download Commerical Marine Package application.