Dive into the digital edition of Signal Mutual’s 2024 Annual Report — a dynamic snapshot of the year’s key milestones, strategic initiatives, and overall impact. Explore the highlights below and download the full report for a comprehensive look at our progress and priorities.
The 2023/24 Membership Year marked one of the most successful in Signal Mutual’s history. Grounded in strategic execution and operational excellence, we remained focused on what matters most—delivering measurable value to our Members. This digital report reflects that progress, and I invite you to explore the highlights of a truly impactful year.
Justin Gardner President & CEO
"This past year stands as a testament to our focus on delivering value to Members—through strategic execution, operational excellence, and a commitment to continuous improvement."
210 head Members
345 payroll reporting entities
40 states
1 mission
Continuously improving the economics, quality, safety and outcomes for our Members’ insurance requirements.
Signal has partnered with waterfront employers for over 35 years, offering effective solutions to their most demanding Workers’ Compensation issues. When you become a Signal Member, you’re not just gaining access to industry-leading expertise – you’re joining a supportive community of forward-thinking leaders, committed to mutual success. Our Membership represents a diverse array of employers across the United States, spanning stevedoring, shipbuilding/ship repair, offshore, marine construction, and professional/technical sectors.
Helping Members prosper through smarter risk
management.
Percentages may not total 100% due to rounding.
"Signal’s evolving coverage solutions optimize value - closing coverage gaps, supporting Member convenience, and generating income that helps reduce costs for the Mutual."
Since our inception, Signal has maintained a consistent approach to underwriting and risk transfer. Nevertheless, we persistently seek avenues to improve our efficiency and value proposition for both our Members and partners.
Signal Mutual offers a companion State Act program, managed as a fixed-cost facility, that is only available to Signal Mutual Members and SafeShore-covered employers. Many across Signal’s Membership utilize this program to cover State Act exposures. The close coordination of claims handling with the longshore coverage offers many benefits, particularly in concurrent jurisdiction states.
MEL coverage is provided through Underwriters at Lloyd’s of London and is tailored to bridge potential gaps for longshore employees between the Jones Act and the Longshore and Harbor Workers’ Compensation Act (USL&H) Compensation Act.
Signal partners with an A-rated carrier to provide an option for commercial auto insurance needs, available exclusively to Members of the Mutual. Signal continues to have no financial or operational involvement in the arrangement; however, the strength and quality of the Membership have been critical in gaining the attention and willingness to quote for the markets being engaged.
Signal’s GovCon division launched in March of 2023, focused on writing DBA insurance for government contractors executing work for the US government overseas. The DBA is an extension of the USL&H Act. Given that many of Signal’s Members have DBA exposure, this coverage was a natural expansion of Signal’s existing capabilities. In addition to bringing additional revenue to the Mutual, Signal’s GovCon solution provides Members and other certificate holders with the best-in-class claims and safety services Signal has become known for.
Operating since 2015, SafeShore delivers an alternative USL&H Compensation Act insurance solution to meet the needs of small and middle market firms, and specifically those employers acting as sub-contractors to the Members of the Mutual. Providing USL&H coverage to this segment ensures Signal’s Members have a reliable outlet for their subcontractors to obtain USL&H coverage, while also providing a direct offset to expenses of the Mutual’s core longshore Members.
Signal Mutual offers a companion State Act program, managed as a fixed-cost facility, that is only available to Signal Mutual Members and SafeShore-covered employers. Many across Signal’s Membership utilize this program to cover State Act exposures. The close coordination of claims handling with the longshore coverage offers many benefits, particularly in concurrent jurisdiction states.
MEL coverage is provided through Underwriters at Lloyd’s of London and is tailored to bridge potential gaps for longshore employees between the Jones Act and the Longshore and Harbor Workers’ Compensation Act (USL&H) Compensation Act.
Signal partners with an A-rated carrier to provide an option for commercial auto insurance needs, available exclusively to Members of the Mutual. Signal continues to have no financial or operational involvement in the arrangement; however, the strength and quality of the Membership have been critical in gaining the attention and willingness to quote for the markets being engaged.
Signal’s GovCon division launched in March of 2023, focused on writing DBA insurance for government contractors executing work for the US government overseas. The DBA is an extension of the USL&H Act. Given that many of Signal’s Members have DBA exposure, this coverage was a natural expansion of Signal’s existing capabilities. In addition to bringing additional revenue to the Mutual, Signal’s GovCon solution provides Members and other certificate holders with the best-in-class claims and safety services Signal has become known for.
Operating since 2015, SafeShore delivers an alternative USL&H Compensation Act insurance solution to meet the needs of small and middle market firms, and specifically those employers acting as sub-contractors to the Members of the Mutual. Providing USL&H coverage to this segment ensures Signal’s Members have a reliable outlet for their subcontractors to obtain USL&H coverage, while also providing a direct offset to expenses of the Mutual’s core longshore Members.
Signal’s Annual Safety Awards honor individuals and Member organizations committed to maintaining safe, healthy, and productive work environments.
Stevedoring/Terminal
Everport Terminal Services, Inc Glacier Northwest, Inc James J. Flanagan Shipping Corporation LBC Houston, L.P. Maher Terminals, LLC Port Liberty Bayonne, LLC Port Liberty NY, LLC Saltchuk Steinweg
Shipyard/Ship Repair
Accurate Marine Environmental, LLC BAE Systems Ship Repair Canal Barge Channel Shipyard, Inc Golten Service Co., Inc Gulf Copper & Manufacturing Corporation MBLH Marine, LLC dba Vessel Repair MMIF, LLC General Dynamics NASSCO-Norfolk Southwest Shipyard, L.P. The Vane Brothers Company Vigor
Offshore
Cantium LLC Crosby Energy Services, Inc Jacobsen Pilot Services, Inc Great Lakes Dredge & Dock Company Stewart Construction, LLC Salmons Dredging Corporation The Dutra Group
Safety Excellence Award
Husky Terminal and Stevedoring, LLC
Executive Leadership
Justin Weir – Florida International Terminal, LLC
Safety Professional of the Year
Bill Nelson – Husky Terminal and Stevedoring, LLC Candice Revill – APM Elizabeth Christopher Allen – APM Terminals Brian Bailey – Tradepoint Atlantic
Operations Professional of the Year
Hector Rodriguez – Tropical Shipping
Signal is focused on optimizing the capital structure of the Mutual to meet its obligations and support evolution and efficiency.
Expertise and accessibility are foundational principles of our organization. Our team of industry veterans is strategically positioned across the United States to deliver dependable and timely assistance to our valued Members.
Alabama – 5
Arizona – 1
Arkansas – 1
California – 22 (Long Beach)
Connecticut – 30 (South Norwalk)
Delaware – 1
Florida – 15
Hawaii – 2
Illinois – 2
Louisiana – 8 (Metairie)
Maine – 1
Maryland – 2
Massachusetts – 1
Missouri – 1
New Jersey – 12 (Mount Laurel)
New York – 1
Oregon – 1
Pennsylvania – 3
South Carolina – 3
Texas – 15
Virginia – 12 (Virginia Beach)
Washington – 9 (Seattle)