Longshore rates in Florida have taken another reduction according to LIG Marine Managers of St. Petersburg, Fla. On top of the general rate reductions approved by the state, the Longshore surcharge has again been reduced to 129 percent, effective Jan. 1. This means that the rate is determined by multiplying a non-”F” rate by 2.29 to come up with the Longshore rate for 2006. This represents a drop of just under 50 percent in just two years in the Longshore surcharge.
Selected 2006 Florida Marine Rates: 3632 Marine Engine Repair In or Outboard, State 9.82 Longshore 12.49; 3724 Electrical Apparatus, Install/Service/Repair, State 9.30 Longshore 21.30; 6003 Pile Driving, State 38.24, Longshore 87.57; 6005 Jetty & Breakwater, State 12.57 Longshore 28.79; 6836/6826F Marinas, State 6.41 Longshore 13.43; 6834/6824F Boat Building/Repair, 150 ft and not fiberglass, State 9.85, Longshore 12.94; 6838/6828F Boat Building/Repair, Fiberglass, 150 ft, State 7.31 Longshore 8.21; and 6882/6872F Ship Repair, State 5.70, Longshore 27.92.
LIG Marine Managers provides commercial marine and Longshore insurance through independent agents and brokers through the USA and Caribbean. More details are available at www.liginsurance.com, (727) 578-2800 Fax: (727) 578-9977 Helm@liginsurance.com.
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