Global trade moves over water. So does the risk.
Protection for vessels, cargo, and marine liability
Ocean Marine insurance covers the risks of transporting goods and operating vessels over water — some of the oldest and most specialized coverage in the industry. For any business that ships internationally or operates on the water, standard property and auto policies fall short.
Programs are typically built from several distinct parts, each addressing a different piece of the marine exposure.
What Ocean Marine Covers
Ocean Marine coverage is generally structured as:
Hull Insurance — physical damage to the vessel itself, including machinery and equipment.
Cargo Insurance — loss or damage to goods while in transit by sea (and connecting land or air legs).
Protection & Indemnity (P&I) — the vessel owner's liability for injury, pollution, and third-party damage.
Freight & Related Coverage — freight at risk and other marine interests, depending on the program.
Who Needs Ocean Marine
Ocean Marine coverage is essential for:
Importers and exporters
Freight forwarders and logistics companies
Vessel owners and operators
Manufacturers and distributors shipping goods by sea
Cargo Terms Matter
Marine cargo coverage varies widely — all-risk vs. named-peril, warehouse-to-warehouse terms, general average, and the Incoterms in your sales contracts all shape who bears the loss and when. We align the policy with how your goods actually move and who is responsible at each stage.
Our Approach
At Cory Washington & Co., Ocean Marine coverage is never a checkbox. We evaluate how your business actually operates, review your contracts and exposures, and structure coverage to perform in the real world — not just to satisfy a minimum. Licensed in all 50 states, we place Ocean Marine coverage through admitted carriers and specialty markets that compete for your account, then explain the trade-offs in plain English so you can decide with confidence.
Related coverage: Cargo · Inland Marine · Political Risk.
All insurance descriptions on this website are provided by Cory Washington & Co. LLC strictly for general informational purposes. They are not intended to be, and should not be relied upon as, legal, financial, or insurance advice. The information presented is general in nature and does not guarantee the availability, terms, conditions, or scope of any insurance coverage. Actual coverage is determined solely by the specific policy language issued by the insurer and remains subject to underwriting approval. Nothing on this website creates or implies an agent-client relationship, binds coverage, or alters any existing policy. Cory Washington & Co. LLC expressly disclaims any liability for actions taken, or not taken, based on the content provided here. For advice regarding your particular situation, please consult directly with a licensed insurance professional at Cory Washington & Co. LLC or another qualified insurance professional, and always review your policy documents in full.
Frequently Asked Questions
How do I get ocean marine insurance (hull & cargo) through Cory Washington & Co.?
Request a quote or contact our team. We start with a short conversation about your operations, analyze your exposures, then negotiate ocean marine insurance (hull & cargo) across multiple carriers that compete for your account and present options with the trade-offs explained. Cory Washington & Co. LLC is licensed in all 50 states.
What does ocean marine insurance (hull & cargo) cost?
It depends on your exposure. Ocean marine insurance (hull & cargo) is priced on factors like your industry, size, prior claims, and the limits and deductibles you select — so two businesses rarely pay the same. We shop your account across competing carriers and present the trade-offs in plain English.
Is ocean marine insurance (hull & cargo) required?
Requirements vary. Ocean marine insurance (hull & cargo) may be mandated by statute, or required under your contracts, leases, or loan agreements — and in many cases it is simply prudent given the risks involved. We look at your specific obligations and exposures, then recommend the coverage and limits that fit.
What if another agency has already declined or non-renewed my coverage?
Difficult, specialty, and previously-declined placements are a core part of our work. We access excess & surplus (E&S) and specialty markets that many generalist agencies cannot, and we explain the trade-offs clearly so you can decide with confidence.
Available in all 50 states. See how requirements differ in California, Texas, Florida, New York, or choose your state.