LIG Marine Enhances Longshore Marina, Boat Yard, Boat Builder’s Coverage

Enhancements, including state act coverage for marinas, boat yards and boat builders that work exclusively on recreational vessels less than 65 ft. have been introduced to LIG Marine Managers longshore programs. LIG Marine Managers has announced significant enhancements in its WC/Longshore programs for the marine market, including state act coverage only.

“Businesses that were previously unable to find a market for Longshore coverage will find the introduction of this expanded coverage a tremendous relief,” Ian Greenway, LIG Marine Managers president said. “This coverage is available to the recreational boating industry, which has recently been required to show evidence of Longshore coverage, and for employers who simply want to have safe coverage.”

LIG Marine Managers’ program enhancements include: No minimum Longshore payroll percentages; mono-line State Act coverage for marinas, boat yards and boat builders; and down payments as low as 20 percent.

Traditionally, Longshore was only available to businesses that had a minimum of 10 percent Longshore payroll, which excluded a large percentage of marine businesses from having coverage. With the latest enhancements in the program, LIG Marine Managers now provides this needed coverage on a nationwide basis to the marine industry. Minimum premium for the program is $15,000.