Bumbershoot Insurance: Marine Excess Liability Umbrella Insurance
What is Bumbershoot or Umbrella Insurance? Bumbershoot or Umbrella insurance is a specialized form of liability insurance. A bumbershoot or umbrella insurance is a type of coverage designed specifically to insure marine risks, but it can also include non-marine risks. Shipyards often use this type of policy, which provides protection and indemnity coverage as well as liability protection under...
Read MoreCargo Insurance
Why purchase ocean cargo insurance? Under the Carrier of Goods by Sea Act, ocean carriers are responsible for the seaworthiness of the vessel, properly manning the vessel, and making the vessel safe for carriage of the cargo. However, The ocean carrier is not responsible for negligence of the master in navigating the vessel, fires, dangers, and accidents of the sea, acts of God, acts of war,...
Read MoreMiami Cargo Insurance Savings
Miami Cargo Insurance Savings Writing any property and casualty insurance in Miami is always going to be a little trickier than other parts of the United States. Miami has a higher exposure to natural and human hazards including, but not limited to, hurricanes, tornadoes, theft, vandalism and fire. This makes the cost of insurance, and therefore, the cost of doing business in Miami a little...
Read MoreUSL&H Insurance
http://soflainsurance.com/wp-content/uploads/2010/03/iStock_000006369964XSmall.jpgWho needs USL&H Insurance? USL&H is a federal act (sometimes referred to as the Longshore Harbor Workers’ Compensation Act – LHWCA) designed to provide compensation to an employee if an injury or death occurs upon navigable waters of the US – including any adjoining pier, wharf, dry dock, terminal, building-way, marine railway or other adjoining area customarily used by...
Read MoreJones Act Marine Employers Liability Insurance
The Jones Act provides workers compensation...
Read MoreMarine General Liability Insurance
What is the difference between Commercial General Liability Insurance and Marine General Liability Insurance? Marine companies need general liability insurance, but they need to make sure that they have Marine General Liability Insurance. The main difference between Commercial General Liability Insurance and Marine General Liability Insurance is the CGL policy usually has an exclusion for...
Read MoreMarina Operators Legal Liability Insurance
What is Marina Operators Legal Liability Insurance? Marina Operators Legal Liability insurance provides protection for the liability exposures such as repair, alteration, service, maintenance, storage, mooring, hauling or launching, and fueling associated with the operation of a marina. This also includes exposures related to visitors and other third parties visiting the location as well as the...
Read MoreStevedore Legal Liability Insurance
http://soflainsurance.com/wp-content/uploads/2010/03/3684492_blog.jpgWhat is Stevedore’s Legal Liability Insurance? Stevedore’s Legal Liability insurance provides added protection for damage to the area of the ship or the dock in which the stevedore may be working. This liability policy was established because under a CGL (Casualty Policy) a stevedore can obtain coverage for many of the exposures encountered; however, the Care, Custody and Control...
Read More