What Is Ocean Marine insurance?
Ocean marine encompasses a variety of insurance coverages designed to protect merchandise, goods, workers, passengers and crews aboard shipping vessels and cargo storage during marine transport domestically or abroad. Ocean marine insurance also covers other stages of an ocean marine shipment, including land or air transportation connected to the marine shipment.
If you source raw materials, distribute foreign manufactured goods, or sell goods overseas, ocean marine insurance can serve as the foundation of your comprehensive business continuity strategy. Businesses across many industries including manufacturing, distribution, communication, energy, construction and maritime, trust The Hartford for their ocean marine insurance solutions.
The Hartford offers a broad selection of Ocean Marine insurance coverages. This includes Ocean Cargo insurance, Hull and Machinery insurance, Protection and Indemnity policies, Monoline Legal Liability policies, and Marine General Liability insurance. If you need to protect goods in ocean transit, the ships that carry those goods, the crew or passengers aboard, goods being exhibited, or warehouse storage for cargo – domestically and abroad, The Hartford can help. And when you are required by law to retain a Local Admitted Policy, The Hartford can provide that as well. Our coverage grants are flexible which means The Hartford can help you tailor your ocean marine insurance policy to address your needs and the unique maritime exposures facing your business.
Ocean Marine Insurance Coverages
Ocean marine insurance is designed to help protect goods that cross international borders and includes foreign or domestic overland transport connected to the marine shipment. In this global economy, ocean marine coverage is a necessity for most manufacturing and distribution operations. Popular marine coverages include Ocean Cargo insurance, Hull and Machinery insurance, Protection and Indemnity policies, Monoline Legal Liability policies, and Marine General Liability insurance.