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Marine

Given our global economy, marine insurance is more relevant than ever. Any company trading or moving goods on the seas needs to ensure their policies reflect the risks they currently face. 

A Sea of Coverages

Too often, policies are renewed year after year without considering the political, economic and global conditions. Marine insurance is one of the world’s oldest forms of insurance and many of the coverages as essential as ever.

We represent clients in many forms of marine insurance including:

  • Cargo insurance
  • General & comprehensive liability
  • Hull insurance
  • Inland insurance

Unique Risks with Marine Insurance

Comprehensive or general liability policies are under different regulations on the seas. Losses covered typically include only maritime risks such as storms, crew negligence and pirating. Often, coverages include only risks that are common to the sea and the scope of losses is limited. Our lawyers are experienced in communicating these unique aspects of marine insurance with our clients in all phases of a claim and litigation.

Experience

$100M

Represented several insurers in litigation in Delaware relating to allegations of contingent business interruption valued by the insured in excess of $100 million because of the loss of the ports in the Southern United States following major storm event.

$200M
Obtained a favorable outcome for a market group of insurers in connection with a claim under builder’s risk policies for losses resulting from a design defect in a marine bulkhead that was part of the foundation of a $200 million hotel development project.

Insights