Specialist Marine Insurance broker IRCM has launched a new insurance facility Bowline for the Marine Sector that will deliver competitive premiums merged with flexible underwriting.

Bowline is a Combined Marine Traders’ insurance policy designed by specialist brokers who have worked in the marine industry for many years, to address issues that had affected the businesses in the Marine sector.

The policy also enables firms to get on with their businesses without worrying about the type, size or value of the vessels worked on, combined with the competitive premium to keep costs at minimum level.

IRCM also adds in a suite of bolt-on covers that include comprehensive Directors and Officers Liability provision that will deliver vital Entity cover, to protect businesses from the exposures that typically remain unaddressed.

Bowline also includes statutory road risks cover for mobile plant & cranes, commercial legal expenses insurance, product recall cover and intellectual property protection.

According to IRCM, the Bowline Marine Trades facility can be availed by other Marine Insurance Brokers on behalf of their clients.