IMU offers a full range of
ocean marine insurance products across the U.S.
For instance, with
ocean marine insurance, there are very specialized forms involved.
There can be no doubt that the Policy is an
ocean marine insurance policy.
Remember, your
ocean marine insurance policy should cover your financial interest, even if it reverts back to you after a sale.
Next month, we will explore this further, with the rise of the
ocean marine insurance business in London.
The risks are no surprise to veteran
ocean marine insurance agents, brokers and underwriters.
A senior
ocean marine insurance and reinsurance executive, Miklus most recently was senior vice president at Guy Carpenter & Co., where he managed reinsurance client relationships for several leading U.S.
Ocean marine insurance can include both larger personal boats and commercial ships, plus cargo and liability for a ship's owner, which is called protection & indemnity insurance.
"The
ocean marine insurance industry has become more concentrated," wrote Jerry Theodorou.
Shippers generally purchase
ocean marine insurance to protect against a financial loss or injury to their crew, cargo and the ship itself.
Inland marine insurance is an outgrowth of
ocean marine insurance. In the case of
ocean marine insurance, coverage terminates upon the completion of the voyage--a parameter that is unknown when coverage commences.
