Marine Insurance
Customized coverage for calm waters.
Customized coverage for calm waters.
Offshore risks are both unique and plentiful.
The insurance and risk management professionals in our marine practice group are dedicated to the marine business. We know the marine industry has many moving parts that can threaten your company.
Our marine specialists have the knowledge and experience to help you prevent and minimize loss, not just cover it.
At Higginbotham, we pride ourselves in going above and beyond the call of duty.
Rather than place coverage and disappear until its’s time to renew, we work with you throughout the term of your policy to help identify your exposures and mitigate your risk.
And we don’t stop there. After assessing your existing exposures to identify coverage and safety opportunities, we also evaluate your strategic business plans to help determine their effects on your insurance.
Our goal is to help empower you and your team to safely grow your enterprise.
We’re also your claims advocate and liaison with insurers. We’ll facilitate the accurate reporting of losses and the timely resolution of claims by performing a number of services throughout the policy term, including experience modification factors (MODs), claims audits and open claims monitoring.
Our approach to finding solutions is more individual and less institutional. We work hard to understand your priorities so we can get you covered on day one and provide year-round value with our Day Two Services® that support your risk management efforts. By committing to transparency while demonstrating authenticity, we’re a place that leads with values so value leads.
The risks faced by marine industry professionals are vast and treacherous.
That’s why you need insurance built around your risk exposure.
At Higginbotham, we take the time to learn your situation so we can present custom insurance and risk management strategies tailored to your needs.
With our deep industry understanding, innovative solutions and strong nationwide insurance carrier relationships, we have the freedom to do what’s right, right now.
While your insurance needs will vary from other organizations, this list includes coverage options most marine operations would be wise to consider. Here’s some of the key marine coverages we can place in your policies.
Including Supply Bonds, Performance Bonds, Payment Bonds and Completion Bonds
Coverage to comply with both U.S. (BOEM, USCG) and international regulations
Including LHWCA, DBA and MEL coverage extensions
Including Jones Act and Death on the High Seas Act (DOHSA) exposures
Including Delay in Start-Up (DSU)
Both onshore and offshore, plus access to an exclusive program Offshore Energy Property, including Business Interruption
Including ROVs, AUVs, sub-sea equipment and aerial/aquatic drones
Including Evacuation Expense, Cost of Re-Drill, Deliberate Well Firing, Cost of Cleanup, Removal of Wreckage/Debris and Loss of Production Income (LOPI)
Higginbotham is committed to helping our maritime clients shrink their overall exposure and manage their claims. Some of our risk management services include:
A great plan starts with a conversation. Let’s talk about what you need.