Product Profile
Global Marine
Global Marine is one of the world’s leading
providers of marine insurance for importers,
exporters, vessel owners/operators as well
as inland marine, recreational marine and
marine operations worldwide.
Coverage Highlights
– Passenger vessels
Cargo Insurance
– Supply vessels/crew boats
All risk and third party coverage can be
underwritten for:
– Research vessels
– Exporters and importers
– Freight forwarders
– Logistics Service 3PL/4PL
Comprehensive coverage for goods in transit can
be enhanced to include warehouse, storage or
consolidation risks. Worldwide master policies, including
locally admitted coverage as required, are available.
Marine Liability Insurance
A wide range of liability coverages are tailored
for transportation and facility operators.
Coverages include:
– Hull Builder’s Risk
Recreational Marine Insurance
Comprehensive coverage for boats and yachts
of any size from runabouts to mega-yachts,
services include:
– D
edicated and experienced team of recreational
marine underwriters providing the best solution to
any specialized situation
– C
omprehensive policy available utilizing the full
scope of AIG experience and knowledge
Inland Marine
– Wharfinger’s Liability
Comprehensive coverage for a wide variety of
risks supporting the transportation, construction and
maritime industries such as:
– Terminal Operator’s Liability
– Truckers, warehousemen, and warehouse exposure
– Ship Repairer’s Liability
– Logistics support providers, shipyards, ports and
terminal operations
– Stevedore’s Liability
– Charterer’s Liability
Key Benefits
Underwriting, loss control, claims and
recovery services provided by marine
specialists globally
Flexible programs, tailored for client
needs including alternative risk
management solutions
High quality coverage for
multinational risks, including locally
admitted policies
– E xcess Marine Liabilities
Bumbershoot
– Utility, excavation, street and road and
marine contractors
– Marine Contractors
– Electronic devices, specialty equipment and
miscellaneous property
Hull and Protection and
Indemnity (P&I) Insurance
– Construction and installation risks
Hull and P&I insurance are
underwritten for a wide range
of risks, including:
Flexible programs, tailored to our clients’ needs:
– Tugs
– Related building and personal property
coverage available.
– Barges
– Admitted coverage
– Broad array of coverage forms – AAIS
continued
Global Marine
Loss Control, Engineering and
Claims Services
Expert focus is given to helping insureds prevent losses and
mitigate those that do occur. Services include:
Policyholders can also take advantage of the expertise
of our independent surveyors and loss control experts
who specialize in infrastructure projects, cargo, towing,
heavy-lift, logistics and warehousing.
Marine Loss Control Engineering (MLCE)
Claims Services
More than a dozen experienced loss control
professionals spanning all time zones help policyholders
reduce trade and transportation risks and minimize costly
delays. Our comprehensive loss control services are
based on three core principles:
Global Marine’s network offers clients the best of both
worlds. Our policyholders’ customers can resolve claims
in their own country, language and currency, while the
original insured can liaise with regional management to
address concerns or requirements. Our claims handlers’
knowledge of international marine insurance law and
conventions and local regulations enable us to resolve
claims quickly and maximize recoveries, delivering
tremendous benefit to our policyholders.
– Proactive loss prevention – Helping clients avoid
losses by analyzing potential exposures and
minimizing them
– R
eactive loss control – Helping clients prevent future
losses by analyzing historical loss frequency and
severity trends and acting to address vulnerabilities
– Communication
– Maintaining open communication
between policyholders and loss control professionals
to enhance loss prevention efforts
Comprehensive Recovery Support
Marine recoveries are central to our approach to
claims. Local and regional recovery specialists focus on
achieving maximum recovery on every claim. Such efforts
help insureds maintain favorable loss experience and
keep premiums down.
Contact: www.aig.com/us/marine
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers
through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed
on the New York Stock Exchange and the Tokyo Stock Exchange.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com.
Products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Not all products and services are available in every jurisdiction, and insurance coverage is governed by actual policy
language. Certain products and services may be provided by independent third parties. Insurance products may be distributed through affiliated or unaffiliated entities. Certain property-casualty coverages may be provided by
a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
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© 2014 American International Group, Inc. All rights reserved.