Liability insurance
 

Hey riggers,
I'm starting up a new local rigging service here in Florida and some of the marinas I'll be working in require $1million(!) in liability insurance. Anyone have that? If so, who is it with and what are the premiums?
Thanks,
RB

Ask other contractors in your area for who to deal with. In this area 90% of us all use the same (local) company. That level of insurance isn't unusual so far as I can tell. Ours is a municipal marina and they demand they be named as a co-insuree on the policies and also charge a several hundred a year contractors fee.

In the Annapolis area we are required to carry 3 million in liability insurance, plus workers compensation. We are also required by every marina to name them as additioanal insured, which costs an extra 500 a year to have the ability to keep writing those certificates.

My insurace bills run around 5k for Liability, 15k for workers comp, and then there is the cars/trucks and office equipment too....thats per year.

Insruance bills are a big part of the reason we have to charge $90 per hour....

Specifics, please
 

Can someone name an agent or carrier? In non-marine-specific locations agents that understand what we do are far and few between...

Thanks!

Bob Pingel

I worked with an agent 'Moran Insurance' in Severna Park for a few years before switching to ' Morow Insurance' here in annapolis.

Both handle many of the marine contractors in the area. They are just agent's, however

Thanks guys for your input so far. Anybody else?
RB