IRCM Creates New Marine Facility

Specialist broker IRCM has launched a new insurance facility for the marine sector.

The British broker’s new combined policy, called Bowline, is designed to address issues that have been often overlooked in the segment. In addition to the standard marine coverages, IRCM will provide many bolt-on options.

Some of the nontraditional marine coverages include comprehensive directors and officers, statutory road risks coverage for mobile plant and cranes, commercial legal expenses insurance, product recall and intellectual property protection.

Bowline is designed for boat builder, hire fleet operators, marine engineers, chandlers, boatyards, marinas, boat dealers/brokers, riggers and sailmakers.

The product will be available to other marine insurance brokers.