Construction of an energy installation involves complex stages and operations, which includes potential sourcing and transporting of equipment from international manufacturers. HSB, in conjunction with Liberty International Underwriters, can provide Marine Cargo insurance coverage for insureds looking to supplement HSB’s Property All Risk or Builders’ Risk policies.

Marine Cargo coverage includes

  • Construction material from warehouse to point of destination
  • Conveyances include ship, rail or truck
  • Warehouse storage, domestic transit

Eligibility

  • Marine Cargo coverage requires an HSB Property All Risk or Builders’ Risk policy.
  • Target markets including small to mid-sized developers engaged in our specialty coverage for an accepted class of business with transit and/or follow-on Builders’ Risk or operational exposure.
  • Total Value of Goods Shipped plus 10% surcharge, subject to a maximum limit of $50m.
  • Non-cancellable coverage term between 1 to 5 years.
  • 10 or fewer locations.

Contact the Engineered Lines underwriter for more information about the application and quoting process.

Coverages are subject to terms, conditions, exclusions and limitations. Please refer to the actual policy terms for applicable coverages. Not all coverages available in all states.

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