Marine Insurance Solutions

• Hull and Machinery

Physical loss or damage cover for all types of vessels.

• Disbursements (Increased Value) or Freight Interest Insurance

An ‘amount’ insured in excess of the vessel’s sum insured to cover additional costs and expenses (including lost freight earnings) associated with the total loss of a ship.

• Mortgagees Interest Insurance

Cover to protect the financial interest of a Mortgagee in the event of a loss which is irrecoverable from the vessel’s Hull and Machinery Insurance.

• Protection and Indemnity

Third party liability cover for all types of vessels.

• Freight, Demurrage and Defence

To cover the legal costs incurred by shipowners.

• Hull and Machinery- War & Strikes Risks

Cover against War, Strikes, Riots, Civil Commotions etc.

• Loss of Hire

To protect a ship owner for potential loss of earnings of a vessel (either freight or charter hire) resulting from a casualty.

• Yachts and Pleasure Craft

Hull and Machinery, and third party liability cover for yachts and pleasure craft Owned or Chartered.

• Charterer’s Piracy Trade Disruption / Marine Kidnap and Ransom

• Container Operating and Leasing Risks

Comprehensive insurance for Container Leasing and Operating companies including Physical Damage on Owned or Leased Equipment, Lessor Default, Repatriation & Recovery, Loss of Revenue and Third Party Liabilities.

Comprehensive cargo insurance programmes for trade financing transactions which can include covers for extended, non-incidental pre- and post-shipment storage, war on land, and confiscation.

• Port Authorities and Terminal Operators

To protect a third party and physical loss and damage risks encountered by authorities overseeing a port or terminal operation.

• Trade Disruption and Consequential Loss

Contingency insurances tailor made to address specific financial exposure relating to a marine risk.

• Credit, Financial & Political Risks

Protection against Open Account and Letter of Credit exposure as well as Political and Political Violence or Terrorism risks in relation to the Maritime Industries.

• Transit and Forwarding Risks

Comprehensive liability and physical damage insurance for Forwarders, NVOCC’s and other Logistics and Distribution companies.

• Charterer’s Liability

Insurance to protect charterers of vessels from a range of liabilities, either through contract or in tort.

• Port, Harbour and Terminal Operators Marine Package Policy

Cover for the property, equipment, liabilities and financial exposures of port authorities, as well as the port, harbour and terminal operators who work there.

• Ship Brokers, Ship Agents and Ship Manager’s Liability

Cover to protect transportation intermediaries against claims for negligence and error or omission.

• Marine Professional Indemnity

For marine surveyors, consultants, architects, ship managers and other marine professionals. The insurance covers claims arising from legal liability and errors & omissions in the exercise of the insured’s professional duties.

• Stevedores Liability

Insurance against legal liabilities incurred for damage caused to vessels, to cargo being handled, to property (buildings, wharves, etc.) or for third party death or injury as a result of stevedoring operations.