Wortham’s marine team is comprised of
technical brokers who oversee the placement of both
ocean and inland marine risks. Each broker can handle
all lines of coverage, while retaining a niche specialty.
This capability gives Wortham depth in the industry
when it comes to servicing a client’s complete
needs.
In the ocean marine sector, we offer the following
coverages:
- Commercial hull and machinery
- Protection and indemnity/maritime employer’s
liability
- Hull and P&I war risks
- Vessel pollution liability
- Loss of charter hire
- Legal liability for charterers, stevedores, wharfingers,
and ship builders
- Vessel builder’s risks
- Terminal operator’s liability
- Marine general liability
- Bumbershoot (marine umbrella) liability
- Ocean cargo insurance
- Stock throughput programs.
In the inland marine sector, we provide the following
coverages:
- Builder’s risk—commercial and residential
- Installation floaters
- Contractor’s equipment (owned, leased or rented)
- Equipment dealers
- Motor truck cargo (first party)
- Motor truck cargo legal liability
- Warehouseman’s legal liability
- Electronic equipment and valuable papers and records
- Commercial articles floaters
- Pleasure craft
- Specialty coverages such as hole-in-one, rain insurance
and prize indemnification.
We also are experienced in managing the placement of
unique coverages that require special insight into and
local contacts with select markets that have the capacity
to provide these policies. These coverages include:
- Political risks including confiscation, expropriation,
nationalization and deprivation as well as business
interruption resulting from wars
- Political risks due to contract frustration, currency
inconvertibility, non-honoring of letters of credits
and other similar risks
- Trade disruption insurance and credit insurance
- Liquidated damages coverage and force majeure coverage.
While not all of these coverages are available in every
country or in all situations, your Wortham broker will
guide you in exploring and placing these coverages as
appropriate.
Our focus on servicing our clients continues after we
place your coverages. Should you have any claims, your
Wortham broker will personally handle them to ensure
that your insurance matters are addressed promptly and
professionally.
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Integrity.
Trust. Confidence. Those qualities best describe the Wortham
teams that handle marine and inland marine insurance needs.
As a Wortham client, you’ll benefit from a company
that has earned credibility with the global underwriting
markets for nearly 100 years. Our seasoned staff enjoys
a well-deserved reputation among overseas brokers for their
knowledge and professionalism in marketing, placing and
servicing of policies. For our clients, Wortham’s
strong underwriting relationships bring you expanded coverage,
attractive alternatives and cost savings.
