ProSight teams up with International Special Risk for marine programme
US-based niche insurance provider ProSight Specialty has launched an all-lines marine contractors insurance programme to unify maritime construction coverage under a single carrier.
ProSight has partnered with International Special Risk, the largest marine intermediary insurance broker on the East Coast, for the new programme designed specifically for the marine contractors.
According to the company, the new offering streamlines the claims procedure, and offers a range of coverages including marine general liability, workers' compensation and USL&H, contractor's equipment, hull and machinery, protection and indemnity plus marine employers liability, property, auto, excess (Bumbershoot) liability.
"ProSight is excited to be bringing such a novel offering to the marine construction industry," said Mark Engel, marine and offshore energy programme executive at ProSight Specialty Insurance. "When all of your marine insurance needs are handled by a single carrier, it eliminates gaps and takes the guess work out of compensation claims. We want to make the payment process efficient and fair."
Joe Beneducci, chairman and CEO of ProSight, commented: "We have a strong track record of providing premium quality insurance products that give construction owners the freedom to strengthen their business and we're ready to take that to the marine sector."
"Not only are we bringing deep knowledge to a new industry, we are using it to create an offering that has not been available to this point. ProSight is committed to providing value with our insurance products and we look forward to bringing that mission to the marine contracting space."
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