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Doing business at sea brings with it a whole new set of risks. You can’t always predict the weather and the waves, and your cargo is vulnerable to loss, theft or damage as it travels from coast to coast. The costs of these potential disasters can also be sky high as you are transporting huge volumes of valuable cargo in expensive vessels. Our selection of the best Marine Insurance coverage options protects you against the worst case scenarios so that you can sail the open seas with confidence.


Marine Cargo Insurance

WHAT IS IT?

Whether you need coverage for a single voyage or on an annual basis, Marine Cargo Insurance protects your goods from end to end in the case of loss, damage or theft along the way. This includes portions of the journey by road, railway and air, as well as the ocean crossing. If the unexpected happens, you won’t be left to cover the loss with potentially crippling costs.

WHAT DOES IT COVER?
  • Fire
  • Explosion
  • Piracy, cargo loss or cargo theft
  • Accidental damage
  • Sinking, grounding and stranding
  • Bad weather
  • Average and salvage charges
  • War, terrorism and industrial action
  • Road traffic accidents
  • Temporary and long-term storage cover (optional)

Contact us for professional support with marine and cargo insurance. We provide the best cargo insurance deals from our suite of trusted insurance partners, plus professional risk assessment advice and claims support



MARINA OPERATORS LEGAL LIABILITY INSURANCE

WHAT IS IT?

This covers marina operators against legal liability and compensation claims due to the loss or damage of vessels in their care. If you own or operate a marina, you are responsible for providing a safe and secure docking, so if something goes wrong –even if you’re not personally at fault – you could be liable for hefty compensation payments.

WHAT DOES IT COVER?
  • Repairing, altering or performing maintenance in dry dock
  • Storing vessels on land or water
  • Hauling out and launching
  • Docking and mooring
  • Fuelling
  • Test driving vessels in the marina

If you own or operate a dockside facility of any kind, talk to us today about Marina Operators Legal Liability Insurance and make sure that you’re not leaving yourself vulnerable.



INCREASED VALUE AND FREIGHT INTEREST INSURANCE

WHAT IS IT?

An extension to a Hull and Machinery policy, this covers the total loss of a vessel. You can insure the full value or mortgage value of a ship, or extra replacement costs, and protect yourself against loss of income.

WHAT DOES IT COVER?
  • A total loss declared on a Hull and Machinery policy
  • Sue and Labour, excess Collision Liability and General Average (optional)
  • Freight Insurance covers the anticipated long-term future of the owner of the vessel

If you’re not sure whether you need Increased Value and Freight Interest Insurance, talk to our risk management experts and insurance specialists to find out more, and for access to the best quotes.



HULL AND MACHINERY – WAR AND STRIKES INSURANCE

WHAT IS IT?

If your business is responsible for the physical wellbeing of a vessel, don’t leave this up to chance. Hull and Machinery coverage protects you in the event of loss or damage, including the risks of war, strikes and civil unrest, so that you don’t have to carry the financial burden of compensation and expenses

WHAT DOES IT COVER?
  • Loss or damage caused by an act of war
  • Civil war, revolution, rebellion, riot, hijacking or detention (all usually excluded from a standard Hull and Machinery policy)
  • Loss or damage caused by strikes, labour unrest and related disturbances

Our experienced insurance specialists are here to help you find the right coverage at the best price. Contact us today and find out whether you could be doing more to protect your shipping business.



MARINE FREIGHT, DEMURRAGE AND DEFENCE INSURANCE

WHAT IS IT?

If someone brings a lawsuit, claim or dispute against you, the legal costs alone could send your shipping business under. An FD&D policy covers these costs for you, including expert advice and legal representation, giving you the best possible chance of a successful outcome without devastating your bottom line.

WHAT DOES IT COVER?

The legal costs of pursuing and defending claims concerning:

  • Yacht, boat and ship charters
  • Carriage contracts and contracts of affreightment
  • Bills of Lading
  • Vessel building, sales and purchase contracts
  • Ship broking and management service contracts
  • Vessel repair contracts
  • Crew contracts
  • Marine insurance contracts
  • Agency, stevedore, towing and salvage contracts
  • Insurance broking contracts
  • Bunker and necessaries contracts

Marine Freight, Demurrage and Defence Insurance steps in to fill the gaps that your other policies don’t cover so that you’re fully protected from all angles. Get in touch to talk to our insurance experts and find the right coverage for your business.



MARINE KIDNAP FOR RANSOM AND HIJACK INSURANCE

WHAT IS IT?

Any shipping business should take the risk of piracy, kidnap and hijack very seriously. There are certain hotspot areas, including the Sulu Sea, Peru, Bangladesh, Nigeria and Somalia, but you can never predict where or when a vessel might fall victim to pirates. Such a volatile situation carries huge risks, from heavy financial losses to injury and death, and your business will feel the weight of the consequences. K&R insurance covers you for ransom payments, as well as ongoing expenses, such as crew rehabilitation.

WHAT DOES IT COVER?

The legal costs of pursuing and defending claims concerning:

  • Ransom
  • Loss of ransom money in transit
  • Crisis consultation
  • Legal liability
  • Extra expenses to cover risks like injury or death of crew members
  • Crew rehabilitation

Our dedicated insurance specialists have access to the very best deals on Marine Kidnap for Ransom and Hijack Insurance so that you can get on with your business with complete peace of mind. Contact us today to talk to our team of experts.



FMCO ESSENTIALS: STORAGE EXTENSION COVER

WHAT IS IT?

With FMCO in effect, mountains of cargoes are getting stuck at warehouses or container yards indefinitely, and cargo owners are in a risky situation. On one hand, your goods could be lost, stolen, or damaged on site. On the other hand, your existing insurance coverage could be terminated if you chose a new course of transit or distribution as “Plan B” to deliver your goods safely.

However, even under such circumstances, you can still be in control of your precious cargoes by requesting for a storage extension cover.

WHAT DOES IT COVER?

Storage extension cover is subject to assessment and approval by the insurer. Here are some key information we need to help determine the best solution for your business:

  • Ransom
  • Storage location address
  • Warehouse or container yard
  • Laden container storage at open yard or unstuffed cargo storage in the warehouse
  • Fire-fighting and security features of the location
  • Period of cover required

If you are a cargo owner, talk to our friendly experts today about extending your storage cover. The pandemic may be unpredictable, but protecting your goods is still something we can help you achieve during these times.