Ocean Marine Insurance
Bumbershoot PlusSM And Excess Marine Liability
Coverage Description
Going beyond the commercial umbrella policy, Travelers Bumbershoot Plus policy offers excess liability protection over both marine and non-marine underlying coverages.
Key enhancements of this new policy include:
- "Pay on behalf of" coverage for the policyholder's liability
- Automatic "following form" coverage for additional Insureds that are added to scheduled underlying policies
- Expanded property damage liability includes "loss of use," whether or not the property is physically injured
- Expanded personal and advertising injury coverage that applies even in the absence of underlying coverage
Mono-line excess liability coverage is also available for a wide range of marine exposures.
Customer Profile
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Marine policyholders seeking extra protection against unexpected or unusual circumstances or business loss.