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Saturday, October 19, 2019

Maritime Logistics Professional

October 10, 2019

New Online Marine License Insurance Program

Mariners looking for insurance have a new option that is touted as being fast and affordable, cared for immediately in an online format that is designed to be more expedient than ever.

360 Coverage Pros launched a new Marine License Insurance Program for mariners that offers an entirely online buying experience combined with low monthly payment options and instant proof of coverage.

Until now, the process of securing a marine license insurance policy involved requesting quotes, filling out lengthy applications and waiting days to receive a premium proposal before finally binding coverage.

With the new Marine License Insurance Program from 360 Coverage Pros, United States Coast Guard licensed mariners can put affordable, "A+" rated coverage in place in minutes, not days.

For more information visit https://www.360coveragepros.com/marine-license-insurance

“Before I entered the marine insurance industry, I myself was a licensed mariner and continue to maintain my license today,” says Brian Murphy, Senior Vice President and Head of Marine at Berkley Offshore Underwriting Managers.  “In today’s increasingly litigious society, I see this product as an important tool for mariners to protect their livelihood and careers.”

"For a long time, the insurance solutions available to professional mariners have been limited," said Jason Rogers, head of Business Development for 360 Coverage Pros. "The challenge mariners have faced in the past is the time-consuming process of searching for the best coverage and price only to struggle with a cumbersome quoting and application process. Using our online technology, professionals in the marine industry can now easily select their coverage, complete an application and have proof of insurance in literally minutes.  Additionally, vessel operators, either directly or through their insurance broker, can place coverage on a group basis for their licensed officers, often at discounted rates.”

The program offers mariners up to $2 million in protection with premiums starting as low as $25.83 per month with a down payment of $65.87.

Coverage options are available for: Blue Water Officers; Brown Water Officers; Great Lakes Officers; and, Passenger Vessel Officers.

Coverage is also available for deck department and engine department professionals for the following license grades: Master; Chief Mate; Second Mate; Third Mate; Mate; Chief Engineer; Second Engineer; and, Designated Duty Engineer.

This Marine License Insurance Program is underwritten by Berkley Offshore Underwriting Managers, a member company of Berkley, whose member insurance companies are rated A+ (Superior), Financial Size Category XV by A.M. Best Company.

360 Coverage Pros is administered by Gallagher, a global insurance brokerage, risk management and consulting services firm. 

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