Ocean Marine Insurance

MSIG USA is the right partner to protect against the unique exposures you’ll face in a maritime environment.

Fire, flood, severe weather, containers that fall off the shipping vessel, injury to your employees or other parties, damage to property of others in your care, custody and control, and other incidents can place your mission-critical deliverables in jeopardy. As one of the largest marine insurance providers—and the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., with A+ ratings, a 350-year heritage, and a reach that spans 40+ countries and regions—MSIG USA brings the underwriting excellence and expertise to protect against these and other ocean marine risks.

We provide tailored ocean marine coverage for cargo, hull, and marine liability for a wide spectrum of businesses, from vessel owners and operators to shipbuilders and repairers, manufacturers, oil and gas contractors and subcontractors, charter companies, marine construction companies, transportation and logistics businesses, marinas and boat dealers, and ports and terminals. Whether you are a US-domiciled business or a US-based subsidiary of a foreign-domiciled company, MSIG USA can provide an ocean marine solution that addresses your unique exposures tailored to your operations.

Learn about our Inland Marine solutions>

We help protect your commercial vessels with hull coverage

Hull coverage from MSIG USA can help keep your commercial vessels on the water and in operation by protecting you from risks such as physical damage, breach of warranty, and collision and towers liability, along with providing protection and indemnity (P&I) insurance. With admitted options and strong ocean marine underwriting expertise, we’re the right choice for providing essential hull coverage for your commercial vessels.

MSIG USA regularly provides hull coverage for brown water or coastal watercraft, including barges, offshore energy service and supply vessels, research and seismic vessels, crew boats, dive boats, drydocks and dredges, and miscellaneous craft, including commercial or recreational vessels held as inventory for sale by boat dealers. We also protect your commercial vessels by providing builders risk insurance for new buildings and conversions, for both brown water and blue water vessels.

Download our Hull product overview for more details.

We help protect your cargo on water

MSIG USA provides admitted options to protect your cargo while in transit by vessel, air, or land conveyance, whether domestically or internationally, including raw materials and finished goods. We provide ocean cargo insurance solutions for manufacturers, distributors, importers, exporters, freight forwarders, and logistics companies, tailored to each business’s needs.

Every MSIG USA ocean cargo insurance solution varies, with coverages available on an all-risk or named peril basis, for exposures such as war, strikes, riots, and civil commotions, as well as warehouse stock throughput, and freight forwarders legal liability. Our cargo insurance is available worldwide, subject to applicable sanctions.

Download our Marine Cargo product overview for more details.

Protect your business from marine liability risk

When your marine business operations expose you to liability risk, MSIG USA is the partner to count on for the right coverage. We provide tailored marine liability coverage that helps protect your financial interests and your reputation.

MSIG USA routinely provides marine liability coverage for vessel owners, vessel operators, charterers, ports and terminals, marine contractors, shipyards, marinas, divers, marine surveyors and consultants, stevedores, and offshore energy contractors.

Along with admitted options, MSIG USA brings the flexibility to offer both market and bespoke forms for coverages that include:

Marine comprehensive liability (marine general liability)
Maritime employers liability (MEL)
Ship repairers, stevedores, wharfingers, and terminal operators liability
Charterers liability
Protection & indemnity
Bumbershoot & specific excess liability

Download our Marine Liability product overview for more details.

Your frequently asked Ocean Marine insurance questions answered

Q: Does MSIG USA offer cargo stock-throughput coverage?

Yes. A cargo stock-throughput (STP) policy is a hybrid ocean marine product that homogenizes coverage for international transit, domestic transit and stock/inventory which is not in due course of transit. Risk managers prefer cargo STPs as they provide seamless coverage for goods in transit and storage anywhere in the world and on any type of conveyance (such as vessel, air, truck, or rail). While stock coverage may be included in a property policy, it is sometimes difficult to extend that coverage to stock at non-owned warehouses. The MSIG USA cargo team has the expertise to evaluate these risks and offer insurance programs that fit your needs.

Q: What is marine comprehensive liability insurance?

Marine comprehensive liability (sometimes referred to as marine general liability) is designed to provide seamless coverage for both commercial general liability (CGL) and various admiralty exposures unique to marine industries. In addition to traditional CGL coverage, the policy provides specific admiralty coverages for exposures often present for stevedores, ship repairers, marine terminals, marine contractors, and other unique marine industries. These policies fill the gaps often excluded in non-marine CGL policies, including coverage for property of others in your care, custody, and control. MSIG USA’s marine team has the expertise to understand your needs and create an insurance program tailored to your specific exposures.

Q: What kind of ocean marine coverage does MSIG USA offer?

MSIG USA offers a full spectrum of commercial ocean marine coverage tailored to your specific exposures and needs. These include cargo, hull, marine comprehensive liability, protection & indemnity, maritime employers liability, excess marine liability, and other policies addressing unique marine exposures. Marine exposures are not only present in traditional maritime industries such as vessel operators, shipyards, marine terminals, stevedores, marinas, and marine contractors, but may include manufacturers, distributors, and other key supply chain components. MSIG USA has the knowledge and deep experience to provide competitive programs that meet your needs.

Want to learn more?

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