Join BBFA and take advantage of our marine insurance policy’s low rates and exceptional coverage.
In 2014/2015 North Star Insurance Services successfully negotiated a new insurance program for BBFA’s membership. This new program is underwritten by Ares Insurance Managers, LLC.
This new program offers an immediate reduction in your expiring premium, as well as a No Claims bonus. This bonus is payable to you after three years with no claims and upon receipt of your authority to renew with Ares Insurance Managers for the fourth year. The amount of the bonus is 7.5%??of the premiums paid over the previous three years, provided you have not incurred any losses.
Also the new program includes a separate Pollution policy which will provide enhanced coverage over the limited pollution coverage in the previous program. The new pollution coverage is underwritten by Lloyds of London, again through Ares Insurance Managers, LLC, and will provide a policy limit of $500,000 and the enhanced coverage includes State/Civil penalties subject to the sub limits shown on your renewal.
North Star is independently owned and operated and is focused on providing clients with the highest level of service. Their client base is extensively fish boat owners and seafood companies. Their expertise covers a wide range of marine insurance products including Hull & 15 Machinery, Protection and Indemnity and Marine Liabilities. North Star’s staff has over 200 years of combined insurance experience.