XL Catlin's North America marine insurance business has unveiled an insurance product specifically designed for marine contractors in the United States.

"As our ports and waterways look to expand to accommodate growing traffic and shipping demands, marine contractors are in high demand," according to Anne Marie Elder, XL Catlin's chief underwriting officer for marine in the Americas. "Marine contractors' operations encounter some very unique and challenging risks. This includes new construction and ongoing maintenance using special vessels and equipment.

"Given the hazardous nature of marine contracting work, it's essential to have comprehensive insurance protection that directly addresses their diverse, day-to-day exposures. We've designed our marine contractors' insurance solution with their unique operating environment in mind."

XL Catlin said in a statement that its marine contractor insurance included a insurance coverage protection for:

• Hull and protection and indemnity

• Marine general liability including contractor's legal liability

• Primary and excess liability including bumbershoot/umbrella

• Owners and contractors protective ("OCP")

• Builder's risk and installations

• Contractor's equipment

• Domestic and international transportation (inland marine and ocean marine cargo)

• Property

• Commercial automobile

XL Catlin added that it also offered a number of coverage features and limits that could be tailored to meet a marine contracting operation's specific needs, including:

• Per project aggregate limits

• Contractual legal liability including action over

• Automatic additional insureds

• Coverage for waterborne equipment

• Contractor's equipment coverage solutions

- Automatic sublimits

- Borrowed, leased or rented equipment, contract penalty, employee tools and work clothing

- Rental expense, unscheduled equipment, property that supports the business and virus or harmful code

• Builder's risk and installations coverage solutions

- Automatic sublimits for fire department service charge, increase in construction costs, landscaping and signs, ordinance or law, and property in the open (rain, snow, ice, or sleet)

- Coverage within the limit of insurance includes sewer and drain backup, sinkhole collapse, specified types of testing, and site preparation

Learn more: xlcatlin.com.