Coastal States Insurance
Our company was established in 1991 by former chemical tanker risk managers. Mark Vaccaro, the president of Coastal States Insurance, has been to sea on tankers, worked ashore for a major chemical tanker ship-owning company, and has been with the company since 1993. Our aim has always been to utilize the background and skills of our staff to take a creative approach toward problem solving. We have never been satisfied with maintaining the "status quo".
CSI is considered by many in our industry to be a leader in developing innovative insurance products designed to meet the needs of our clients.
Insurance We Offer
Marine Cargo Insurance
Marine cargo insurance policies compensate shippers in the event that the insured goods suffer covered physical loss or damage while in transit.
Charterers Liability Insurance
Charterers Liability Insurance is designed to cover your legal liabilities arising out of the chartering of a ship or space on a ship.
Cargo Owners Liability Insurance
If you are the owner of the goods being transported, you may find a claim being brought against you in your position as cargo owner, rather than as charterer.
Hull & Machinery Insurance
Covers loss of or damage to the subject-matter insured (ship, barge or other type of water craft) caused by covered perils, such as perils of the sea, fire, explosion, collision, grounding, etc.
Protection & Indemnity (P&I) Insurance
P&I is insurance in respect of third party liabilities and expenses arising from owning ships or operating ships as principals.
Cargo Legal Liability For Vessel Owners
In some instances it may be advantageous for the owner to consider covering part or all his cargo legal liabilities in a fixed market.