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 – Research vessels underwritten for: – Hull Builder’s Risk – Exporters and importers Recreational Marine Insurance – Freight forwarders Comprehensive coverage for boats and yachts – Logistics Service 3PL/4PL of any size from runabouts to mega-yachts, Comprehensive coverage for goods in transit can services include: be enhanced to include warehouse, storage or – Dedicated and experienced team of recreational consolidation risks. Worldwide master policies, including marine underwriters providing the best solution to locally admitted coverage as required, are available. any specialized situation Marine Liability Insurance – Comprehensive policy available utilizing the full A wide range of liability coverages are tailored scope of AIG experience and knowledge for transportation and facility operators. Inland Marine Coverages include: Comprehensive coverage for a wide variety of – Stevedore’s Liability risks supporting the transportation, construction and – Wharfinger’s Liability maritime industries such as: – Terminal Operator’s Liability – Truckers, warehousemen, and warehouse exposure – Ship Repairer’s Liability – Logistics support providers, shipyards, ports and – Charterer’s Liability terminal operations – Utility, excavation, street and road and Key Benefits – Excess Marine Liabilities Bumbershoot marine contractors Underwriting, loss control, claims and – Marine Contractors – Electronic devices, specialty equipment and recovery services provided by marine miscellaneous property specialists globally Hull and Protection and – Construction and installation risks Flexible programs, tailored for client Indemnity (P&I) Insurance needs including alternative risk Hull and P&I insurance are Flexible programs, tailored to our clients’ needs: management solutions underwritten for a wide range – Admitted coverage High quality coverage for of risks, including: – Broad array of coverage forms – AAIS multinational risks, including locally – Tugs admitted policies – Related building and personal property – Barges coverage available.
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Loss Control, Engineering and Policyholders can also take advantage of the expertise Claims Services of our independent surveyors and loss control experts Expert focus is given to helping insureds prevent losses and who specialize in infrastructure projects, cargo, towing, mitigate those that do occur. Services include: heavy-lift, logistics and warehousing.
Marine Loss Control Engineering (MLCE) Claims Services More than a dozen experienced loss control Global Marine’s network offers clients the best of both professionals spanning all time zones help policyholders worlds. Our policyholders’ customers can resolve claims reduce trade and transportation risks and minimize costly in their own country, language and currency, while the delays. Our comprehensive loss control services are original insured can liaise with regional management to based on three core principles: address concerns or requirements. Our claims handlers’ knowledge of international marine insurance law and – Proactive loss prevention – Helping clients avoid conventions and local regulations enable us to resolve losses by analyzing potential exposures and claims quickly and maximize recoveries, delivering minimizing them tremendous benefit to our policyholders. – Reactive loss control – Helping clients prevent future losses by analyzing historical loss frequency and Comprehensive Recovery Support severity trends and acting to address vulnerabilities Marine recoveries are central to our approach to – Communication – Maintaining open communication claims. Local and regional recovery specialists focus on between policyholders and loss control professionals achieving maximum recovery on every claim. Such efforts to enhance loss prevention 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. 02/14 © 2014 American International Group, Inc. All rights reserved.