Insurance Products

As an independent agency, Compass has much of the worldwide insurance market available to us and we make good use of it.Compass has well established relationships with many US and overseas insurance companies, insurance mutuals and Lloyd's syndicates.In addition to large companies that offer a huge variety of insurance products, we also work with small companies that specialize in only one or two lines of coverage.Like many companies, insurance carriers also evolve over time and consequently so do their risk appetites, policy terms and conditions, products and pricing structures.  At Compass we strive to stay abreast of these changes to bring our clients the best products at the most competitive cost.
The professionals at Compass Insurance Solutions have a long history with insuring all manner of commercial marine risks.  We insure companies with equipment valued in hundreds of $millions to hundreds of $thousands, with employees or crew in the hundreds or a handful.  We provide insurance products for:

  • Tugs and barges;
  • Marine terminals;
  • Stevedores;
  • Ship repairers
  • Commercial fishing vessels
  • Passenger vessels;
  • Marine contractors;
  • Fish processors
  • Shippers, and virtually any maritime related enterprise.

Compass has recently put together an exiting new program specifically tailored for marine artisan contractors with a large, “A” rated, admitted insurance company. This program is available to small companies, even start-ups, that provide services and/or products to the maritime industry. We can provide coverage for Commercial Marine Liability, Contractors Equipment, Hull and P&I (including crew).  Property, Commercial Auto, Pollution and Workers Compensation cover can also be provided separately.
Targeted classes include:

  • Marine contractors;
  • pile driving,
  • dredging,
  • boat builders and ship repairers,
  • engine repairers
  • ship stores and distributors,
  • electronics installers
  • painters, detailing, shrinkwrapping.

Through our strategic alliances, Compass is also able to provide specialized insurance products for large property schedules, non-profit and educational foundations and institutions, historic buildings and the performing arts.