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The American Equity Underwriters, Inc. The American Equity Underwriters, Inc.

Coverage

With decades of experience in the maritime industry and a strong commitment to our members, AEU is the leading provider of USL&H to waterfront employers of all sizes.

Shipbuilders, ship repairers, marine terminal operators, stevedores, marine contractors and other waterfront employers may apply for ALMA membership through their insurance broker.

USL&H

AEU is the program administrator for the American Longshore Mutual Association, Ltd. (ALMA), which is authorized by the Department of Labor to provide USL&H coverage for the liabilities of its members under the United States Longshore & Harbor Workers’ Compensation Act. ALMA’s unique structure as a group self-insurance fund gives us the freedom to be more creative in our underwriting, customizing programs for optimal results.

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  • Coverage
    • United States Longshore & Harbor Workers’ Compensation Act
    • Defense Base Act
    • Outer Continental Shelf Lands Act
    • Nonappropriated Fund Instrumentalities Act
  • Plans Include
    • First Dollar
    • Single and Multi-year Programs
    • Loss-Sensitive Plans
    • Deductible
    • Excess Over Qualified Self-Insurance
  • Minimum Premium
    $10,000
  • Limits
    • Federal Acts: Statutory
    • Employer’s Liability: $1,000,000
  • Target Classes

    A minimum of 10% of the company’s payroll must be USL&H exposure (unless incidental-only) 

    • Ship Builders
    • Stevedores
    • Terminal Operators
    • Barge Repairers
    • Marine Construction
    • Ship Repairers
    • Steamship Agents
    • Luxury Yacht Builders
    • Coal Docks
    • Offshore Industries

    The below preferred classes may also have USL&H (possibly incidental-only) exposure:

    • Heating and A/C Contractors
    • Engine Repair
    • Fire Extinguisher Servicing
    • Sheet Metal Work
    • Architects and Engineers
    • Refrigeration Repair
    • Pest Control
    • Carpentry
    • Electricians
    • Welders
    • Painters
    • Wallboard Installation
    • Communications Repair
    • Crane Installations and Repair
    • Concrete/Cement Work
  • Carrier
    American Longshore Mutual Association (ALMA)
  • Availability
    National
American Longshore Mutual Association, Ltd.(ALMA) is FATCA compliant, having made an election under section 953 (d) with the Internal Revenue Service, and is therefore treated as a domestic corporation for U.S. tax purposes. In accordance with the U.S. Internal Revenue Service, ALMA will provide a W-9 as verification of its U.S. tax status.
If you require a W-9 or have any questions regarding FATCA compliance, please contact Jeanette Sander, Director of Credit and Compliance at The American Equity Underwriters, Inc. via phone at 251.690.4249, fax at 251.591.6201, or jeanette.sander@amequity.com

 

State Act

In addition to USL&H coverage, AEU offers State Act workers’ compensation coverage on PMA Insurance Group and Great American Insurance Group paper.

Request a Quote UNDERWRITING GUIDELINES

 

  • Target Classes
    • Light Manufacturing
    • Warehousing
    • Engineers/Architects
    • Boat Dealers
    • Marinas
    • Clerical
    • Sales
    • Surveyors
  • Prohibited State Act Classes
    • Convenience Stores
    • Gasoline Dealers, LPG Dealers
    • “Over the Hole” Oil and Gas
    • Long-Haul Trucking
  • Plans Include
    • Guaranteed Cost
  • Limits
    • State Act Benefits: Statutory
    • Employer’s Liability: $1,000,000
  • Minimum Premium
    As per filed rates
  • Availability
    National
Maritime Employers' Liability

AEU has a binding authority with Lloyd’s of London Syndicate 1686 (managed by AXIS Managing Agency Limited) to provide MEL coverage.

MEL Application (PDF) UNDERWRITING GUIDELINES

Submission Requirements

Submission requirements for all accounts:

Completed and signed ACORD workers' compensation application

Currently-valued loss runs (five years preferred)*

Five-year gross payroll history*

Financials

Current NCCI Experience Modification Worksheet


Additional information which will assist in the quoting process:

Details on large claims 

Explain any changes in operations over the last five years regarding payroll fluctuation or loss history

Safety programs

*For accounts less than $150,000 in premium, three years of currently-valued loss runs and payroll history may be accepted. 

Request a Quote UNDERWRITING GUIDELINES

 

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