Specialty Marine
Falvey’s Specialty Marine insurance policy simplifies complex marine risks and brings comprehensive coverage together under one roof.
One underwriting team. One claims process. Total coverage.
What We Offer
Coverage Classes
Protects against third-party bodily injury and property damage claims that occur on the premises of ports and terminals including legal defense costs and settlements related to claims of negligence or other liabilities arising from operations.
Cargo, vessel, and third-party liability at terminals.
Cleanup, injury, and property damage.
Covers physical damage to a vessel and its machinery (engine, electronics, etc.) caused by perils of the sea. Think of it as the marine version of 1st party collision insurance for your car.
A form of liability insurance for vessel owners that covers third-party risks such as bodily injury, pollution, and cargo damage as well as coverage for Crew members under the Jones Act. Think of it as the marine version of auto liability insurance and Workers Comp for Crew.
Additional limits above primary policies.
Excess coverage that sits over P&I, MGL, and employer’s liability. It acts like an umbrella policy, offering broader protection against large losses.
Protects against third-party bodily injury and property damage claims that occur on the premises of ports and terminals including legal defense costs and settlements related to claims of negligence or other liabilities arising from operations.
Cargo, vessel, and third-party liability at terminals.
Cleanup, injury, and property damage.
Covers physical damage to a vessel and its machinery (engine, electronics, etc.) caused by perils of the sea. Think of it as the marine version of 1st party collision insurance for your car.
A form of liability insurance for vessel owners that covers third-party risks such as bodily injury, pollution, and cargo damage as well as coverage for Crew members under the Jones Act. Think of it as the marine version of auto liability insurance and Workers Comp for Crew.
Additional limits above primary policies.
Excess coverage that sits over P&I, MGL, and employer’s liability. It acts like an umbrella policy, offering broader protection against large losses.
If you have a question about another type of risk, please contact our specialty brokerage team.
Our Industry Experts
Falvey’s marine specialists are trusted leaders in marine insurance, offering regulatory insight, operational expertise, and world-class claims handling.
Why Specialty Marine?
Marine operations often require multiple policies and carriers. Falvey’s Specialty Marine policy consolidates these exposures into a single submission, policy, and renewal, providing a more streamlined coverage structure for complex marine operations. With an integrated suite of marine liability coverages, Falvey delivers tailored protection and operational simplicity all under one roof.
Russ Brown
EVP Specialty Marine & Partner, Vessel Pollution
Frequently Asked Questions
What is Specialty Marine insurance and how does it work?
Specialty Marine coverage is a customized insurance solution designed for hard-to-place marine risks that don’t always fit into traditional marine policies. Marine terminal operators, ship repair yards, marine contractors, and waterfront businesses face some of the most complex risk profiles in the insurance landscape. Their operations often involve overlapping liability, environmental exposure, vessel damage, and cargo risk. Specialty marine insurance consolidates multiple marine exposures under one policy, one underwriting team, and one renewal, helping brokers eliminate coverage fragmentation while maintaining flexibility.
What is the core problem or gap this policy addresses?
Specialty marine is less about replacing traditional coverage and more about complementing and enhancing it where necessary. It is designed for clients with overlapping, high-severity marine exposures, or could be used as standalone coverages.