Arnott Marine, part of Castle Insurance Services (NE) Limited has launched a marine liability facility for UK insurance brokers. The new facility is designed for small businesses of £200,000 turnover or less requiring Employers, Public and Products liability. Arnott said that the cover was 100% Lloyd’s security.
Public and Products liability limits of £10m are available, as is cover for tools.
Arnott Marine’s Steve Gordon said that “we’ve actually been offering it in various different forms in a small way for a long time, but now to be able to bring it to our brokers in a big and more structured way is exciting. We know the product to be competitive for businesses that don’t require property & BI related covers, or where their brokers can place them elsewhere”.
The cover includes removal of wreck and foul berthing cover, which Arnott said was an important area for many small businesses in the sector.
Arnott Marine underwrites cargo insurance to UK clients via independent insurance brokers, as well as broking fishing vessel Hull & Machinery, P&I and associated covers direct to UK owners and to insurance brokers in the UK and Ireland.