Marine Facilities Insurance - Chubb · PDF file Chubb’s marine facilities insurance is...

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Transcript of Marine Facilities Insurance - Chubb · PDF file Chubb’s marine facilities insurance is...

  • Marine Facilities Insurance

    Chubb is an industry leader in providing comprehensive insurance packages for marine-related facilities. We provide coverage for a wide range of marine facilities. Marina operators, boat dealers, premier boat builders/manufacturers and yacht brokers must protect themselves against risks that exist both in the water and on land. Chubb’s Marine Facilities Group offers solutions to help minimize these exposures.

    Chubb’s marine facilities insurance is designed to address the unique needs of this segment of the U.S. marine market. Package solutions can include coordinated marine and non-marine coverages to provide clients with comprehensive protection for the full scope of their operations.


    • Unparalleled marine industry expertise • Broad coverage • Fast, flexible underwriting response • Solutions and policy terms tailored for

    the size and complexity of exposure • Marine Risk Management • Chubb’s financial strength

    and flexibility

    Coverage Highlights:

    • Marina Operators – Wet and dry storage, hauling and

    launching – Hull and machinery – Docks, slips and piers – Work boats – Repair and fueling – Brokers legal liability – Rental operations – Crew coverage

    • Boat Dealers – Inventory – Transit and demonstration – Title E&O, False Pretense, and Truth

    in Lending – Boat shows

    • Boat Builders/Manufacturers – Hull and machinery – Molds – Sea trials

    • Yacht Clubs – Fleets, regatta liability and

    sail training – Covered person includes club

    members, volunteers, directors, employees and committee persons

    • Packaged coverage, including commercial general liability, property, commercial automobile, inland marine (computers and heavy equipment,

  • floaters), boiler & machinery, crime & fidelity, business interruption, workers compensation, and liquor liability

    • Property enhancement endorsement available

    • Option for bumbershoot coverage

    Chubb’s Loss Control and Marine Risk Management

    Chubb’s Marine Risk Management team is comprised of a network of experienced marine risk management professionals who are dedicated to helping clients reduce the likelihood of insurance loss and minimize business disruption if a disastrous insured event occurs. Chubb’s specialists are professional marine insurance surveyors who actively participate in local and national marine technical industry groups to help remain current on industry trends and strategies.

    Chubb’s Marine Risk Management include the following:

    • Onsite inspections and risk evaluations of marinas and boat yards, boat dealers, boat builders/manufacturers and related operations Chubb’s experienced specialists are available to visit facilities to identify exposures and evaluate existing controls. This inspection includes recommendations to help facilities reduce the potential of a loss occurring. Chubb can also tailor ongoing programs for clients with large property and liability risks to ensure risk management procedures remain effective.

    • Emergency procedures and disaster planning Chubb’s risk management support includes natural hazard risk assessments of facility locations, including flood, earthquake and windstorm exposures. Chubb works directly with risk managers to assist in developing emergency procedures and contingency plans, helping facilities prepare for the marine catastrophe exposures they may face, and minimizing business interruption should an incident occur. This includes developing detailed plans to guide efficient emergency response, facilities preparations, evacuation of premises, cleanup operations, and business restoration.

    • Technical and operational support Chubb offers technical and operational insurance risk management support should any questions arise regarding operations, safety, and regulatory requirements that impact risks presented in day-to-day operations.


    For more information on Marine Facilities insurance, please contact your local agent or visit

    Operators and insureds are responsible for safety and risk control. Chubb is not responsible for ensuring the safety or risk control of any operation, and we are not required to make any inspections of any operations, although we may exercise our right to do so from time to time under the terms and conditions of our insurance policies. The provision of this brochure to the insured, its personnel or broker, or any other facility operator is for informational purposes only. We hereby disclaim any obligation to oversee or monitor any facility’s or insured’s adherence to any guidance or practices set out in this brochure, or to any other required or otherwise reasonable safety and risk control practices. This document is an overview only, and is not intended as a substitute for consultation with your insurance broker, or for legal, engineering, or other professional advice. Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit Insurance is provided by ACE American Insurance Company and its U.S. based Chubb underwriting company affiliates. All products may not be available in all states. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued. Surplus lines insurance is sold only through licensed surplus lines producers. ©2016 Form 617264 (Rev. 11/16)