Marine Insurance

Marine Insurance Program from Worldwide Facilities, LLC

Worldwide Facilities, LLC offers a Marine Insurance program designed for agents and brokers who need flexible placement options for commercial and recreational marine risks. As a Managing General Agency and Excess & Surplus lines broker with access to various carriers, Worldwide Facilities can help you place hull, liability, cargo and marina exposures across most U.S. jurisdictions. This program is built to support routine waterborne operations as well as specialized accounts that need tailored terms and market access.

Ideal Accounts and Target Classes

• Commercial vessel operators: tugs and towboats, barges, workboats, crew boats, and small ferries.
• Fishing fleets and charter operations: commercial fishing vessels, party boats, and charter yachts.
• Yachts and recreational craft: owner-operated and professionally crewed yachts, tenders, and personal watercraft.
• Marinas and boatyards: slip owners, repair facilities, boat storage, and service providers.
• Cargo and logistics: inland and coastal cargo transportation, transloading, and freight-forwarding exposures tied to marine transit.

Coverage Highlights and Advantages

• Hull and Machinery: coverage for physical damage to vessels and machinery tailored to the vessel type and operation.
• Protection & Indemnity (P&I): third-party liability for bodily injury, property damage, and crew injuries.
• Cargo: cover for loss or damage to goods while in transit, including inland and coastal carriage options.
• Marina Operators & Yacht Service Liability: specialized GL products for marina operations and repair/maintenance businesses.
• Pollution and Environmental Liability: available as part of liability packages or as endorsements where exposures exist.
• Flexible market access: admitted and non-admitted options through various carrier partners to help you find placement for more complex risks.

Underwriting Appetite and Typical Restrictions

The program is best suited for small- to medium-sized commercial vessels, inland and coastal operations, recreational yachts, and marina businesses. Underwriting emphasis is placed on:

• Vessel condition, maintenance history and recent surveys.
• Operator qualifications and crew experience.
• Trading areas and navigational limits (inland, coastal, nearshore).
• Loss history and risk controls in place at marinas or repair facilities.

Risks that may be difficult to place through this program include high-hazard offshore energy support, deep-sea commercial fleets with complex chartering, vessels with poor maintenance or unknown crew qualifications, and operations involving intentional submersion or experimental vessels. Final appetite and available coverage forms depend on carrier underwriting guidelines.

Underwriting Notes and Placement Guidance

• Required submission details typically include vessel specification (year, type, dimensions), intended trade and navigational limits, crew experience, and loss runs.
• Survey reports, repair records, and proof of preventative maintenance strengthen submissions and speed underwriting decisions.
• Worldwide Facilities can package multi-line marine placements—hull, P&I, cargo and marina liability—when markets and coverages align.
• Minimum premiums, deductibles, and terms vary by carrier and state; confirm program-specific requirements at time of submission.

Territories and Availability

This Marine Insurance program is available in most U.S. jurisdictions. States served include: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. Availability and admitted vs. non-admitted placement options depend on the carrier and the specific risk.

Why Place Marine Business with Worldwide Facilities

• Specialized marine underwriting teams with experience across commercial and recreational classes.
• Access to a blend of admitted and E&S markets to improve placement options for more complex or non-standard accounts.
• Designed for brokers seeking responsive underwriting, flexible policy forms, and tailored coverage packages.
• Support for risk engineering and survey coordination to help address underwriting concerns and reduce loss potential.

Example Scenarios

• You have a small ferry operator running scheduled inland crossings with a strong maintenance history and controlled navigational limits—this program can combine hull and liability coverages to address both vessel and passenger exposures.
• A marina owner needs combined slip-holder liability and on-site repair coverage after an increase in transient vessel traffic. Worldwide Facilities can submit a marina package and explore pollution liability options as part of placement.

Frequently Asked Questions

Need help placing an account? Connect with a market specialist.