Posted on 25 Apr 12
As U.S. boat dealers, marinas and boat-related industries around the country are gearing up for the summer 2012 boating season, the Norman-Spencer Agency is launching First Marine, a new, A+ rated, nationally admitted property and casualty coverage product.
“First Marine is a new proprietary program available through Norman-Spencer’s Marine Insurance Division,” said Brian Norman, president of Norman-Spencer Agency. “We believe this is an ideal property and casualty coverage program for boat dealers, marinas, yacht brokers, boat rental and boat repair businesses.”
Covered under First Marine are: boat dealer inventory; docks, piers and wharves; marina owners legal liability (MOLL); protection and indemnity (P&I); owned watercraft; property, inland marine, crime, general liability, commercial auto; and, umbrella.
First Marine provides coverage enhancements including personal use of boats in inventory by owners and officers, loaner boat coverage, dock debris removal up to $250,000, replacement cost or ACV options available for piers, wharves and docks, medical payments on P&I with no deductible and crew coverage available under P&I. In addition, liquor liability, yacht club extension, engine hours E&O and limited sudden and accidental pollution are available.
Norman-Spencer and Western Marine Insurance Services, part of Norman-Spencer since 2008, have provided marine dealers, marinas, agents and tens of thousands of boat owners and fishermen with innovative, cost-effective insurance policies for more than 30 years. The combined strength of Norman-Spencer and Western Marine operating as a single brand distinguishes Norman-Spencer as one of the largest agencies and program administrators of marine insurance in the country.
About Norman-Spencer Agency, Inc.
Norman-Spencer provides industry leading insurance services to clients and insurance buyers nationwide with over 10 proprietary in-house property and casualty insurance programs covering industries like marine, construction, and professional lines.
The Norman-Spencer Agency recently announced that all of the agency’s property and casualty products will be marketed under the Norman-Spencer Agency brand. Over the last five years, Norman-Spencer made several acquisitions in the marine, construction, professional liability and specialty areas including Western Marine Insurance Services, JC Stevens and Crane Insurance Solutions. These companies and their products will now be marketed under the Norman-Spencer Agency brand.
More information is available at www.norman-spencer.com.