Munich Re Specialty Insurance
Inland Marine coverage
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Inland Marine coverage

Our inland marine solution is a unique offering combining elements of engineering (CAR/EAR), property, cargo, warehousing, and fine art and specie coverages to protect mobile floating property, property in transit or in storage, and property used in the course of construction. Munich Re Specialty Insurance leverages the strength of Lloyds to offer primary inland marine insurance solutions to our partners in the United States.

Capacity

  • Contractor-related building/BPP/BI (max per location): $5,000,000
  • Equipment schedules and floaters: $15,000,000
  • Builder's risk: $30,000,000 (except $15,000,000 wood frame construction)
  • Natural catastrophe cover: $15,000,000
  • Motor truck cargo $2,500,000

Territory

Domestic US exposures

Coverage details

  • Builder’s risk
  • Related contractor property including buildings, trailers, business/personal property, and business income
  • Transportation (domestic)
  • Rigger’s liability
  • Contractors equipment
  • Motor truck cargo legal liability
  • Installation floaters
  • Equipment sales and rental
  • Exhibition floaters
  • Fine arts

Target industries

  • Reputable general contractors and developers (single projects and master programs)
  • Equipment rental operations
  • Iron and steel works
  • Light manufacturing
  • Medium haul trucking – general commodities
  • Subcontractors
  • Street and road
  • Well servicing contractors 
  • Mobile medical equipment

Out of appetite

  • Transport of automobiles, pharmaceuticals, electronics
  • Traditional recycling operations
  • “Down the hole” energy risks
  • Logging equipment
  • Tunnel boring operations
  • Structural remodel and heavy existing structure exposures
  • Vacant buildings

Partner benefits

  • AAIS, Proprietary and Form-Following wordings
  • Primary or quota share
  • In-house claims team renowned for quality handling of all aspects of loss and recovery
  • Stand-alone coverage
  • Rapid turnaround from local underwriters
  • Regional appetite with significant aggregate available

Additional information

  • Minimum premium: $20,000
Contact our experts
Steven P. Weiss
Steven P. Weiss
Head of Marine
Jennifer Hopson
Jennifer Hopson
Inland Marine Regional Manager
Gretchen Spaeth
Gretchen Spaeth
Senior Product Manager
Alan Vernon
Alan Vernon
VP, Head of Inland Marine
Jaymee Parker
Jaymee Parker
Inland Marine Regional Manager

Further information

About Munich Re Specialty Insurance

Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America.

For more information on MRSI, including licensing, regulatory-required, and other information on the operating companies, please click here.