Page 71: of Marine News Magazine (August 2020)
MN 100 Market Leaders
Services & Distributors
ABS 360 Coverage Pros 360 Coverage Pros is administered by Gallagher Af? nity, a global insurance brokerage, risk management and consulting services ? rm. Founded in 1927, Arthur J. Gallagher is the third-largest insurance broker in the world and has opera- tions in 33 countries and offers client service capabilities in more than 150 countries around the world through a net- work of correspondent brokers and consultants. The Marine
License Insurance Program is underwritten by Berkley Off- shore Underwriting Managers, a member company of Berk- ley, whose member insurance companies are rated A+ (Supe- rior), Financial Size Category XV by A.M. Best Company.
With the new Marine License Insurance Program from 360 Coverage Pros, professional mariners can put afford- cord of three consecutive years without a work-related able, comprehensive, “A+” rated professional liability cov- long-term injury.
erage in place within minutes, allowing them to focus on Globally, ABS continues to develop the innovative prod- what matters most-their career. 360 Coverage Pros Marine ucts and services that safely address the key challenges as-
License Insurance was developed by mariners who under- sociated with digitization and connectivity, cyber-security, stand the daily risks associated with the maritime industry, performance optimization, reducing operating costs and with coverage starting as low as $25.83 per month. Pre- environmental compliance.
ferred rates and custom programs for companies, associa- Those global resources are regularly brought to bear in tions, ? eets, unions and other groups can be tailored to the U.S. shallow-water sector, where compliance and cer- meet any organization’s needs. ti? cation requirements were complicated this year by the
In the U.S. Coast Guard’s (USCG) Subchapter M ini- tiative, the U.S. brown-water ? eet is in the midst of imple-
ABS menting the most comprehensive safety and environmen-
ABS is one of the world’s biggest classi? cation societ- tal legislation in its history. ABS has been contracted to ies, with thousands of employees worldwide driven by a verify the Sub-M compliance of more than 2,200 vessels mission to promote the security of life and property and since the start of that important regulatory rollout.
preserve the natural environment. A founding member of When the social-distancing requirements of the corona-
IACS, the organization serves both the global marine and virus pandemic restricted in-person audits, ABS respond- offshore sectors. ABS offers technical support during the ed by offering remote audits, which it is USCG-approved design, construction and operation of commercial marine to conduct. ABS helped clients to apply for deadline exten- assets, providing the tools and services that can extend sions, as needed, and began offering remote support for their operational lifecycles. companies’ internal audits.
The strong global safety record of the ABS-classed ? eet Most U.S. domestic brown-water operators have never illustrates the group’s commitment to protecting people; been regulated, so ABS offered training to help with Sub as an organization, ABS leads by example, consistently M planning and operations, and the development of the setting industry benchmarks for class safety. In 2019, safety-management systems that are mandatory under the
ABS’ global workforce achieved the unprecedented re- new regulation for operators who chose the TSMS option.
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