Nuts & Bolts:
St. Paul Travelers introduced the Shipwright Program for specialty ship repairers and marine contractors with annual gross receipts of $350,000 or less. A single policy combines marine general liability, ship repairers’ legal liability and miscellaneous property coverage for this specialty market. The new program utilizes a highly automated and simplified rating approach to offer competitive pricing, flat premiums, low deductibles and comprehensive coverage. Shipwright is immediately available to employee-owned or owner-operated ship repairers and marine contractors that are primarily involved in marine repair work and have been loss-free for at least three years. Must have gross receipts of $350,000 or less.
Dollars:
Limits are $1 million per occurrence, $2 million on aggregate and $500,000 for miscellaneous property. There is a minimum premium of $2,000. Deductibles are $1,000 on miscellaneous property and $2,500 for marine general liability.
Carrier:
St. Paul Fire and Marine, admitted.
States Available:
All.
Contact:
St. Paul Ocean Marine Field Operation, George Butler, (732) 321-5623 or gcbutler@spt.com.
Was this article valuable?
Here are more articles you may enjoy.
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
Two Years in, Ortiz Steps Down as CEO of Florida Re 
London Broker Howden Plots Giant Capital Raise on IPO Path 
Tropical Storm Watches Posted Across Florida’s Panhandle Region From This Issue
