Marine Insurance

Whether you want to protect your cargo voyage-by-voyage or with an annual policy, our marine cargo insurance covers goods in transit internationally and domestically in your country of origin, on the roads and railways, by air, and on the seas and oceans.

What’s covered?

This policy covers everything you expect from top quality marine insurance:

• Fire
• Explosion
• Piracy
• Accidental damage
• Cargo loss and cargo theft
• Sinking
• Grounding and stranding
• Bad weather
• Average and salvage charges
• War, terrorism and industrial action
• Road traffic accidents
• Support managing the risks you face
• Support with making claims
• Optional cover for temporary and long-term storage

Marine Operators Legal Liability Insurance protects marina owners against the common legal risks they face, including the care, custody, and control of craft on land and water. Most policies are designed for private pleasure boats but you can usually add commercial vessels.

What’s covered?

This popular comprehensive third party liability policy protects a variety of shore and dockside facilities. It covers everyday legal liabilities concerning visitors, other third parties, and vessels under the marina’s care, custody and control including:

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

A special extension to a Hull & Machinery policy, Increased Value and Freight Interest Insurance covers ships declared a complete and total loss. It protects against a loss of income with an insured sum of about 20% of the value of the hull and machinery.

What’s covered?

Ideal when you want to insure the full value or mortgage value of a vessel, or the extra costs involved in the total loss of a ship, it covers:

• The complete and total loss of the insured vessel as declared by a Hull & Machinery insurance policy, which isn’t covered under Loss Of Hire Insurance

Hull and Machinery insurance covers the cost of repairing loss or damage to a vessel, compensation for the loss, expenses to prevent loss, collision liability, and claim expenses. It can also include cover for war and strikes.

What’s covered?

Usually arranged separately from the ship’s Hull & Machinery insurance, this cover can be extended to include War Protection and Indemnity Risks:

• Can include trade to Lloyd’s of London’s ‘excluded’ areas via a special agreement
• Covers loss or damage caused by an act of war
• Includes civil war, revolution, rebellion, riot, hijacking or detention, all usually excluded from standard Hull & Machinery cover
• Includes loss or damage caused by strikes, labour unrest, and disturbances related to or connected with them

Marine Freight, Demurrage & Defence Insurance pays out for legal representation and advice around claims, disputes and more, including risks that don’t fall under a P&I policy or any other policy.

What’s covered?

FD&D policies provide payments to cover help with the claims handling and associated legal costs involved in disputes 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 kidnap for ransom and hijack insurance protects people, vessels and assets against losses from crew and ships being illegally seized or detained for ransom. It’s a popular policy because everything to do with these risks can be complex, time consuming, and expensive.

What’s covered?

This valuable cover protects a business’s finances against the potentially huge costs involved in:

• Ransom
• The loss of ransom money in transit
• Crisis consultants to support a positive outcome
• Legal liabilities
• Extra expenses including crew death and injury
• Crew rehabilitation