Insurance Products

Ocean Marine – Canada

With decades of Marine underwriting experience, we are a reliable and recognized provider of Marine Insurance products. Our Canadian Ocean Marine team offers Hull and Protection & Indemnity (P&I), Marine Liability as well as coverage for Marine Cargo; up to $25M capacity available. By carefully monitoring changes in the market and truly understanding clients’ risk exposures, our experienced Ocean Marine underwriters offer tailored solutions and responsive service.

Target Classes

We have a broad appetite including coverage for:

Marine Liability

  • Vessel operators, marine contractors, marine terminal operators/freight handlers, ship repairers, commercial boat builders, wharfingers, charterers, and marina operators
  • Coverage options include Marine General Liability, Ship Repairers Legal Liability, Terminal Operators Legal Liability, Stevedores Legal Liability, Wharfingers Legal Liability, Charterers Legal Liability, Follow Form Excess P&I and Marine Liabilities, and Bumbershoot

Cargo

  • Manufactured goods of every description, raw materials and commodities including oil and gas products, ores, metals and soft commodities on an open or specific transit basis including project cargo
  • Coverage options from All Risk to Named Perils for international and domestic marine shipments; coverage includes War, Strikes, Riots & Civil Commotions
  • Coverage extensions are available for storage, domestic transit, and associated marine exposures.
  • Capability for online certificate issuance and management
  • Coverage is available worldwide subject to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom, United States of America or Canada

Hull and P&I

  • Vessels including Tug/Barge, Passenger Vessels, Workboats, Ferries, Research Vessels, Crew Boats, Fishing Vessels and Miscellaneous Craft
  • Builder’s Risk
  • Coverage options: Physical Damage, Protection & Indemnity including Collision and Towers Liability on commercial domestic vessels operating in the coastal and inland waters of Canada

Significant Capacity

  • Marine Liability – $25M
  • Cargo – $20M
  • Hull and P&I – $10M

Ask us about:

  • Sompo’s Multinational solutions available for clients with global operations
  • Excess coverage options