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Commercial Marine Insurance
 In merging with Tampa Bay Underwriters, Wallace Welch & Willingham has created a very experienced Commercial Marine Insurance agency. This high level of experience allows us to take advantage of long-standing relationships with Commercial Marine Insurance carriers, thereby resulting in very competitive marine insurance premiums.
The state of Florida has one of the forerunning commercial marine industries in the United States, as well as abroad. In turn, commercial marine company owners demand an unparalleled level of insurance protection to mitigate risks associated with operating a business on the high seas. The Commercial Marine Insurance specialists at Wallace Welch & Willingham offers our long list of satisfied clients the following types of commercial marine insurance, including:
Excursion and Sightseeing Vessels: Representing carriers that specialize in Commercial Marine Insurance coverage for Wallace Welch & Willingham vessels utilized in sightseeing, excursion, or head vessels. Additionally, crew insurance coverage protection is also recommended and available for commercial marine business owners.
Commercial Vessels: Wallace Welch & Willingham has many competitive carriers for commercial vessels, such as tugs, barges, construction vessels, and crew boats.
Fishing: Commercial fishing vessel coverage, such as for crab boats and others, is available to commercial fishing operations through the experienced staff of Wallace Welch & Willingham.
Commercial Marine Business Coverage
Commercial Marine businesses that fit this Commercial Marine Insurance program include:
Ship Repairer: This Commercial Marine Insurance policy extends protection to those who are repairing or altering a vessel. Typical coverage includes: loss of or damage to the vessel, equipment, or other property on board resulting from repair or alteration activity; damage to the property of others caused by the vessel under repair; and certain liability of the repairer while the vessel is transported during the repair process.
Artisans: Our firm offers insurance for an individual or a small marine oriented business that perform:
- Painting
- Repair of engines.
- Carpentry/woodworking.
- Has gross receipts of less than $500,000 a year.
- Detailing/cleaning, including businesses that dive to do this work.
- Works at the vessel's location in marinas or yards owned by others.
- Repair and/or installation of electronics, fiberglass, canvas/sails/upholstery.
- Repairs, services, or installs equipment on private pleasure or small commercial watercraft.
Wharfingers: While similar to Terminal Operators and Stevedore policies, Wharfinger protection extends to: loss or damage to the property of others in the care, custody, and control of the Wharfinger, including tugs and tows, barges, their cargo and equipment; and wreck removal.
Boat Dealers: Protects boats, motors, and equipment for sale.
Coverage extends to boats in transit, on exhibition, or those being used for demonstration. Special coverage protects boats while they are afloat and covers loss of life, bodily injury, property damage, removal of wreck where required by law, court and legal fees.
Marina Operators: Offers protection for a marina against liability arising from loss or damage to private pleasure craft and small commercial watercraft; Covers craft and its motors and equipment when in marina's care, custody, and control for repairs, alterations, maintenance, lay-up storage, mooring, slip rental, hauling, launching, fueling, and other service; Protection and indemnity for loss of life, bodily injury, and property damage, when operating vessels in their care can be added to the policy.
Commercial Marine Insurance Pollution Coverage:
- Painting
- ROPA
- Non-OPA
- CERCLA
- Non-CERCLA
- Alaska COFR
- California COFR
- Cost Containment
- Fines and Penalties
- State Fines and Penalties
With a marine insurance team possessing over 75 of combined experience, commercial marine operators will appreciate knowing an unparalleled level of service and competitive rates can be expected. We invite you to become another satisfied and successful client. It would be a privilege to represent you and your commercial marine insurance needs.
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