
Vessel Pollution Insurance
Description
Falvey has the most dedicated, continuous underwriting experience, and largest spill response network, in the Vessel Pollution Insurance industry. Our team focuses on providing best-in-class service, industry knowledge, and proprietary technology. With stable leadership that continues to drive growth in the vessel pollution insurance space.
Coverage
Falvey’s “Safe Harbor” vessel pollution insurance policy is one of the broadest base policy forms in the industry, including all the endorsements that are typically considered optional coverages by other underwriters in our base form.
Falvey is also the only vessel pollution underwriter with on-demand portal access for both brokers and assureds to manage their coverage.
Providing our Clients with:
Comprehensive Global Vessel Pollution coverage for both the vessel owner and operator in the event of spills, or the threat of spills.
The Certificate of Financial Responsibility (COFR) Guaranty that satisfies regulatory requirements for vessel owners trading to the United States and ensures they can bear the costs for an oil spill cleanup.
Marina coverage to protect marina owners in the event of a vessel spill at their location.
Shipyard coverage to protect against spills that occur while vessels are being built or repaired—including shipyard-owned vessels. This comprehensive vessel pollution coverage also protects the yard for sea trials and delivery trips.
Non-Vessel Owner coverage to provide comprehensive third-party legal liability in the event of a vessel discharge.
Blue Cards are a legal obligation for ship owners to visit a port in countries part of the International Bunker Convention. Falvey is approved in over 30 countries and can provide a Blue Card.
Industry Leading Spill Response
Falvey offers the largest spill response network in the industry, allowing us to respond faster than any other underwriter when a spill occurs.
Our infrastructure enables us to swiftly deploy Oil Spill Response Organizations (OSROs) worldwide with the expertise necessary to protect the environment and our clients, and to mitigate any additional damage quickly and effectively regardless of the spill’s size, severity, or location.
We tailor our response to your specific needs so we can help you through the intricacies that arise in any spill response.
Falvey’s team of Spill Managers provide “boots on the ground” to oversee the cleanup process, adhering to rigorous and uncompromising standards to further protect you from unexpected or otherwise avoidable additional expenses.
Our Claims Specialists process your claim—getting you the money you need with no runaround or delay. Our services include damage mitigation, cleanup, and cost accounting, and help ensure you are insulated from further damage or liability after a spill occurs.
Claims Excellence
Our goal is to make the vessel pollution claims process as quick and efficient as possible. Once a spill has been reported through our 24-hour hotline, you can monitor the status of your claim in real-time through our user-friendly online portal.
Availability
Applications and Informational PDFs
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