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Business Insurance
Ocean Marine Insurance
Shipwright Policy

Coverage Description
Obtaining an insurance program that effectively addresses both marine and non-marine exposures in a seamless fashion is a challenge faced by many smaller companies involved in boat maintenance and repair.

Travelers Shipwright Policy combines marine general liability, ship repairers' legal liability and miscellaneous property coverage in one policy.

A few of the coverages automatically included in the Shipwright Policy are:

  • Marine general liability, including coverage for contractual liability, as well as products and completed operations liability
  • Limits of $1 million per occurrence and $2 million aggregate
  • Ship repairers legal liability
  • $5,000 miscellaneous property coverage limit for tools/supplies
  • Flat premiums — no adjustments
  • Low deductibles ($2,500 for MGL/SRLL and $1,000 for misc. property)

Optional features and enhancements include:

  • Liability limits up to $5,000,000 (per occurrence and in the aggregate)
  • Miscellaneous property limits up to $30,000
  • Reduced MGL/SRLL deductible of $1,000
  • Workboat coverage on an "All Risks" basis; also includes liability coverage (P&I)

Customer Profile

  • Boat repairers and marine contractors with gross receipts up to $500,000