Signal Mutual, a nationwide provider of Longshore and Harbor Workers’ Compensation Act coverage, has partnered with Trident Marine Managers (TMM), a unit of Ryan Specialty Group to offer workers’ comp coverage to waterfront employers in Texas and Louisiana.
Under the terms of the relationship, Signal Mutual’s SafeShore Longshore workers’ compensation program will be offered by TMM.
The SafeShore Longshore workers’ compensation program, launched in 2014, is backed by Signal Mutual Indemnity Association Ltd. to meet the needs of Signal Mutual Members for protection from uninsured subcontractors and to provide workers’ compensation cover to smaller waterfront employers with limited exposures and, thereby, not eligible for full entry into the Association. Signal Mutual’s Safeshore program currently has more than 200 covered employers, representing more than $75 million in company payrolls.
Signal Mutual Indemnity Association Ltd. was established in 1986 to offer workers’ compensation insurance for the stevedoring industry. Association membership is comprised of a range of employers throughout the country in the stevedoring, ship repair, marine construction and offshore industries with combined reported payrolls of nearly $4.4 billion, representing over 250 companies.
Signal Administration is the manager of Signal Mutual Indemnity Association and is a member of the Charles Taylor Group of companies. Signal Administration delivers management services to the Association, including membership selection, underwriting, safety resources, claims management, regulatory requirement compliance and financial management.
Trident Marine Managers is a specialty marine and offshore energy managing general underwriter dedicated to serving the insurance needs of the maritime industry in the United States. Trident is a full-service MGU offering nationwide coverages with a focus on marine and energy operations in the Gulf of Mexico.
Topics Texas Workers' Compensation Louisiana
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