Help protect your fleet, crews, and day to day operations with commercial vessel insurance designed to address the unique risks of maritime businesses. Great American’s Ocean Marine team delivers comprehensive Hull and Protection & Indemnity (P&I) insurance solutions for coastwise and inland brown water vessels, helping vessel owners and operators manage risk with confidence.
Whether you are transporting cargo, carrying passengers, operating commercial fishing vessels, or managing a fleet of tugs and barges, our commercial vessel insurance solutions are built to safeguard your assets and support business continuity. From physical damage and machinery breakdowns to liability exposures such as crew injuries, passenger claims, and third party property damage, we help ensure your maritime operations remain protected and compliant.
Tailored Hull and P&I Coverage for Commercial Vessel Operations
Our commercial vessel insurance program offers flexible, customizable Hull and P&I coverage designed to keep your vessels operating safely and efficiently. Each policy is tailored to your operational profile, vessel type, and risk exposure.
Hull Coverage Includes:
- Physical Damage Coverage
Financial protection for your vessel when it experiences accidental physical loss or damage. - Collision Liability
Coverage for liability arising from collisions with other vessels or fixed objects. - Machinery & Equipment Damage
Insurance for breakdown or damage to critical mechanical and operational components. - Excess Collision Liability
Additional limits for collision related liabilities beyond primary coverage.
Who Needs Protection & Indemnity (P&I) Coverage?
P&I coverage is a critical component of commercial vessel insurance, designed to address liability exposures that extend beyond physical damage. Our P&I solutions support a wide range of maritime operations, including:
- Commercial vessel owners and operators
- Tug and barge operators
- Marine transportation companies
- Excursion and charter businesses
- Marine contractors
- Boat and ship builders
Our experienced marine underwriting team works closely with clients to assess exposures and design policies that align with operational requirements and regulatory obligations.
Enhance Your Commercial Vessel Insurance Coverage
Strengthen your commercial vessel insurance program with optional enhancements that expand protection and support complex maritime operations:
- Limited Pollution Liability
- Bumbershoot / Excess Liability Options
- Crew Coverage Enhancements
- Navigation Extensions
- Towing and Assistance Coverage
- War Risks Coverage
- Cargo Legal Liability (when applicable)
- Debris Removal Coverage
- Entrusted Property / Property of Others
These enhancements help ensure your insurance program reflects the full scope of your operations—both on and off the water.
Who Needs Commercial Vessel Insurance?
Our commercial vessel insurance solutions are available for a wide range of working vessels, including:
- Tugs and push boats
- Barges of all types
- Commercial fishing vessels
- Dredges
- Sport fishing charter boats
- Ferries and head boats
- Research vessels
Why Choose Great American for Commercial Vessel Insurance?
With more than 60 years of experience serving the maritime industry, Great American provides insurance solutions specifically designed for commercial vessels, Hull coverage, and P&I exposures.
We take an individual account approach, with each risk reviewed and underwritten by a centralized team of skilled marine underwriters. This is supported by a dedicated claims team of maritime professionals with deep industry expertise. Together, our underwriting and claims specialists deliver responsive, knowledgeable service—helping ensure each account receives the focused attention it deserves.