OVERVIEW

Loss of Hire: insurance designed to protect a ship owner for potential loss of earnings of a vessel (either freight or charter Marine Cargo Insurance).

Marine Cargo Insurance provides protection for goods from physical loss and/or damage when they are in transit whether during import, export, and inland transit. We understand that choosing the right policy for your business in motion can be a tough decision to make. Our specialist marine cargo insurance agents ensure that this process is smooth sailing for you and for your business, and help you make an informed decision on the right policy for your commodity, voyage, and conditions.

What is an all-risk insurance policy?

An all-risk cargo insurance policy offers wide coverage for any physical loss/damage caused by external use, and explicitly lists exclusions from this coverage. An annual open policy automatically ensures that you are covered for all shipments on pre-agreed conditions and rates.

Marine Hull Insurance

The marine industry is highly diversified and specialized, much like the insurance needs of marine businesses and individuals. We tailor your Marine Hull Insurance policy around complex and specialized risk coverage needs. Through our extensive programs with preferred insurers, we match marine clients with insurance solutions suited for their needs, and at competitive rates.

Hull and Machinery: insurance pertaining to physical loss or damage coverage for all types of vessels.

Protection and Indemnity (P&I): third-party liability coverage for all types of vessels.

Hull and Machinery: War & Strike Risks provides coverage against war, strikes, riots, and civil commotions, among others.

Marine Kidnap and Ransom: Ensures that if a vessel is captured and a ransom is demanded, the shipowner is able to respond quickly and with the support of experienced crisis-handling professionals to ensure the safety of the crew and the expedient release of the vessel. The plan covers the ransom paid, the loss in transit of the ransom, and fees and expenses of security experts.

 

Pleasure Boat Insurance

Homegrown and improved to cater to the local specificities and needs of boat owners, Pleasure Boat Insurance covers accidental loss or damage to your boat and protects your liabilities toward third parties. Your boat will be covered whilst in use or moored afloat or ashore and even during transit on purpose-built trailers (for boats up to 9 meters).

Key features and benefits

o   Fast and affordable boat insurance

o   Loss of or damage to your Boat

o   Third-party bodily injury and property damage

o   Cruising range

o   Uninsured boater coverage (for comprehensive coverage option)

o   Search and rescue (for comprehensive coverage option)

o   No claim bonus (for comprehensive coverage option)

 

Additional coverage options

o   Personal effects onboard your boat (including cash)

o   Personal accident

o   Water skiing (motorboats only)

o   Racing