Hull & Machinery
Physical loss or damage cover for all types of vessels. The scope of cover is adapted to suit individual client’s requirements.
Amount guaranteed in excess of the vessel’s insured sum, to cover additional costs and expenses, including lost freight earnings, associated with the total loss or constructive total loss of the insured vessel.
Loss of Hire
Cover for the Daily Running Cost or Daily Earnings of a vessel resulting from an event insured under the Hull & Machinery Policy.
Insurance of Hull & Machinery, Increased Value and/or Loss of Hire interests in case of War, Strikes, riots, civil commotions, etc.
Kidnap & Ransom
Cover for the payment of ransom incurred to free a ship or crew members captured by pirates. Loss of hire due to piracy can be insured under K&R policy.
Protection & Indemnity
Third party liability cover for all types of vessels, arranged with International Group Clubs or Commercial Underwriters.
Charterers Liability Cover
Charterers Liability Insurance, including damage to Hull of the chartered vessel.
Freight, Demurrage and Defence
This insures the Shipowners or Charterers from legal costs associated with either the defence or pursuit of a claim relating to the insured vessel.
Mortgagees Interest Insurance (MII & MIAP)
Cover for the financial interest of the Mortgagee in the event of a loss which is irrecoverable from the vessel’s insurances.