Marine

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Wholesale marine has a wide and flexible appetite of classes designed for the wholesale market. To better serve our customers, products are distributed through Markel’s regional offices. At Markel, we have marine specialists working with you to provide for your customers’ insurance needs. We are focused on maintaining a consistent, financially sound and reliable market with the ability to quickly adapt to change.

Markel inland marine entertains surplus lines business and we underwrite a broad selection of coverages to meet your needs. Markel offers the following inland marine coverages.

  • Accounts receivable
  • Bailees customers property floater
  • Builders risk-includes home builders
  • Commercial fine arts
  • Contractor's equipment
  • Dealers
  • EDP
  • Equipment dealers
  • Exhibition floaters
  • Hole in one
  • House moving (not household goods moving)
  • Installation floaters
  • Livestock floater
  • Miscellaneous property floaters
  • Motor truck cargo
  • Contingent motor truck cargo
  • Excess coverage–including excess coverage over Markel’s bailees customers BOP
  • Moving and rigging
  • MRI machines
  • Radio and TV towers and equipment
  • Transportation floaters
  • Valuable papers and records
  • Warehouse legal liability
  • Equipment for oil and gas producing properties
  • Well servicing/work over rigs (no oil/gas drilling rigs)
  • Bailee customers/consolidation
  • Bailee customers for laundry/dry cleaners

Maximum limits of liability

  • $50,000,000 (subject to underwriting)

Minimum premium

  • $500 (subject to underwriting)

At Markel, we understand the water and can provide comprehensive admitted and non-admitted marine packages in a single policy tailored specifically to your clients’ needs.

Coverages

  • Commercial general liability 
  • Commercial property
  • Dock physical damage
  • Tools
  • Inland marine equipment
  • Hull physical damage 
  • Protection and indemnity (P&I)
  • Marine builders risks
  • Boat dealer inventory
  • Marine liability
  • Marina operator’s legal liability
  • Ship repairer’s legal liability
  • Wharfinger’s legal liability
  • Stevedore’s legal liability
  • Charterer’s legal liability

Maximum limits of liability-$5,000,000
Minimum premium-varies by class

Target size
Small to medium risks, average premium of $10,000

Target classes

  • Marinas-moorage, storage, repair, fueling, hauling, campgrounds, restaurants, pools, and stores
  • Boat dealers-boat demonstrations and inventory on new, used, and consignment boats, jet skis, ATVs, snowmobiles, and recreation equipment
  • Marine artisans-detailing, painting, engine, fiberglass, and canvas 
  • Marine contractors-dock, bulkhead, seawall, rip-rap, and dredging 
  • Boat or marine product manufacturers-construction, trials/testing-liability and physical damage 
  • Cargo-overseas shipments by vessel or air, importers, exporters, single shipments, open policies, overseas exhibition 
  • Marine service industry-surveyors, consultants, architects 
  • Boats-operating or port risk-excursion boats, fishing guides, dinner cruises, non-standard personal use or corporate use boats 
  • Marine special events-boat parades, fireworks barges 
  • Shipyards-vessel repair 
  • Stevedores-vessel loading / unloading 
  • Wharf/dock owners-vessel tie-up 
  • Excess liability 
  • Difficult to place marine risks-waterborne contractor’s equipment, floating restaurants, miscellaneous property outside of the U.S.

Inland marine leadership

Mike Miller
Executive Vice President and Chief Underwriting Officer, Marine Product Line Leader
212-898-6610
michael.miller@markelcorp.com

Ocean marine leadership

Mike Keely
Managing Director, Marine Product Line Leader
804-217-8780
mkeely@markelcorp.com