Marine Insurance
A comprehensive approach to ocean and inland marine insurance
Whether you are an owner, operator, transporter or shipyard manager, marine insurance is essential to the success of your business in a continuously evolving risk environment. From damage to your vessel or cargo, to liability for collisions or personal injury and potential financial losses due to delays in transit, you need to be able to manage the unexpected.
We can help. Our marine insurance specialists will advise you on managing the unpredictable inland or ocean marine exposures unique to your business and provide the tools and guidance you need to run your operation safely and efficiently. We can help you make better decisions to protect your people, cargo, vessels and property.
Our transportation industry professionals support many segments of the marine and cargo sector, including:
- Ocean Cargo, including special risks and projects
- Passenger Vessels
- Port and Terminal Operators
- Ship Owners and Operators
- Shipyards and Construction
- Supply Chain/Logistics
- Warehousing and Fulfillment
Navigate the changing landscape to reduce risk and minimize loss
Marine insurance covers exposures to your operations, people and physical assets, helping you protect all parts of your business. Our marine insurance specialists provide guidance to mitigate risks and potential losses due to weather events, theft, cyber threats and equipment damage. Through our strong relationships with domestic and international insurance carriers, as well as our specialty knowledge of the maritime industry, we can provide insurance, risk and technology solutions to help marine and cargo operations across multiple industries including agribusiness, construction, healthcare, life sciences, food manufacturing and more.
Contact a HUB marine insurance specialist to get started.
Tailored solutions to protect your vessels, cargo and marine operation
- Charterers’ Liability
- Crew PA
- Deadfreight
- Hull & Machinery Liability
- Marine Cargo Insurance
- Marine General Liability
- Marine Trades
- Maritime Employers Liability
- Port Authority Liabilities
- Professional Indemnity
- Protection & Indemnity (P&I)
- Shipowners E&O
- Ship Repairers’ Liability
- Stock Throughput Insurance
- Terminal Operator
- Transport and Logistics Liability
- Wharfingers Legal Liability
- War/SRCC Risk Insurance
- All risk and shipper’s interest coverage
- Builder’s Risk
- Commercial Auto
- Commercial Property
- Crime
- Cyber
- Directors and Officers
- Employment Practices Liability Insurance
- Environmental Insurance
- Excess Liability and Umbrella Coverage
- General Liability
- Occupational Accident
- Surety Bonds
- Wage and Hour
- Workers’ Compensation
- Climate and weather catastrophes
- Cyber risk vulnerability and threats
- Employee injury or illness in the workplace
- Equipment or machinery malfunctions and safety
- Physical loss or damage to inventory or property
- Piracy and theft
- Pollution or environmental health and safety
- Recalls or destruction of product
- Supply chain vulnerability and threats
- Vessel/vehicle damage or loss
Our integrated digital marketplace, HUB Fleet Solutions Marketplace, is your one-stop shop for everything you need to optimize your fleet operations, improve safety and lower insurance costs, from equipment and maintenance services to technology, safety and driver performance solutions.
And, by connecting the solutions you purchase in the marketplace to our proprietary technology platform, HUB Drive Online, you have access to real-time data that will help lower your insurance rates. HUB Drive Online integrates your operations, data, legal, risk management programs and service providers into a single platform, including GPS tracking of shipments and a first notice of loss claims dashboard.
To further optimize your supply chain, HUB Supply Chain AI Risk Solutions, our innovative insurance and technology solution, manages supply chain risk and minimizes disruptions. With integrated data and tracking, as well as enhanced AI technology, you will have an accurate valuation of your inventory throughout the dynamic supply chain, along with predictive analytics to enable intelligent inventory replenishment.
Marine Insurance FAQs
Marine insurance is a broad category that covers risks associated with the transport of goods over water, over land (inland marine insurance) and air. It includes coverage for the hull, machinery and shipment/goods transported in the vessel as well as the liability associated with transport.
Ocean marine insurance can cover not just goods and cargo, but also vessels, equipment and marine operations of many kinds. It can apply to goods traveling domestically or internationally by any means, land, air or water. Ocean marine is an international and unrestricted class of business that provides broad flexibility and policy forms.
Inland marine insurance, or commercial inland marine insurance, is an offshoot of ocean marine. Inland marine insurance is domestic coverage that protects your business from loss or damage to equipment, machinery, products or other property transported over land. It covers property you use at a job site, store at a warehouse or move from place to place by train or truck, including certain specialized items that traditional business property insurance won’t cover.
Cargo insurance is a subset of marine insurance that protects inventory while in transit. It is more specific than marine insurance and covers damage, loss or theft of freight during transportation by land, sea or air.
Marine insurance is a valuable protection for your goods in transit, providing coverage for loss or damage. It does not offer additional coverage for products in storage or production before reaching their destination. Stock throughput insurance is a type of marine insurance that covers the entire journey from the manufacturing stage to the final delivery point.
