Inland marine

Construction Accidents in Dallas and Boston Show Complex Project Exposures

July 25 proved to be a harrowing day for pedestrians in Boston, Massachusetts. That morning a metal railing fell from the roof of a building in Boston’s North End, striking and seriously injuring a woman walking nearby. Hours later, a crane on a construction site at the TD Garden arena dropped several steel beams weighing…

Purdue Clock Nearly Crushing Workers Illustrates Crane Exposures

A bell tower clock face undergoing maintenance at Purdue University crashed to the ground last week, nearly hitting two workers on a cherry picker lift. Incredibly, no one was injured in the incident, which was captured on a video that went viral over the weekend. The contractor hired to perform the maintenance, Verdin Company, is…

Largest Living Insect Heist Sparks Risk Conversation for Museums

When thieves stole 7,000 rare insects, snakes and reptiles from a Philadelphia museum in August, they forced the closure of two entire floors of the museum while it tried to replenish its $40,000 collection. Museum officials called the theft of zebra tarantulas, rhinoceros roaches and other exotic creatures the “largest living insect heist” in history….

5 Considerations When Securing Inland Marine Coverage

The Ins and outs of Inland Marine Insurance Safely and efficiently transporting, shipping and storing commercial cargo is a complicated business. Unforeseen perils can cause significant damage to equipment or products in your client’s possession, creating a host of legal liabilities. It is no surprise then that Inland Marine coverage has emerged as a vital…

Policies Must Keep Pace with Investments

Alternative investment categories continue to be popular among high-net-worth investors who are already well-diversified in their traditional financial portfolios and are now seeking long term appreciation for tangible assets. As a result, interest in jewelry and fine art collection has grown steadily in recent years and savvy collectors have been able to realize greater returns…

Understanding Contractors’ Mobile Plant and Equipment Coverage

A Conversation with Robert Hubbard, Director, Lochain Patrick Insurance Brokers Over the last 10 years, Lochain Patrick, one of the world’s leading specialty marine and energy brokers, has applied its expertise in developing an exclusive product that protects contractors and their construction, or “mobile plant” equipment. The specialty offering was created in response to the…

Big Fish

Big Fish: Four Boats, Three Ownership Entities, Three Docking Locations

In the high-net-worth stratosphere, owning four autos is not unusual. What is unusual is owning four different types of boats under three different ownership entities (personal, corporate and LLC), docking them in three locations (Florida, Montana and the Bahamas) and flagging them in two different countries (U.S. and the Cayman Islands). In this case, the…

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