Bumbershoot Policy

Definition of "Bumbershoot policy"

Mark A Laing real estate agent
Mark A Laing, Real Estate Agent Berkshire Hathaway HomeServices PenFed Realty

Liability insurance coverage, primarily for shipyards for ocean marine risks, provided in much the same manner as umbrella liability insurance for nonmarine risks. Coverages may be provided in addition to liability include protection and indemnity insurance, longshoremen and harbor workers act liability, collision, and salvage expenses.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions