Marine and Aviation

This insurance provides coverage for physical damage or loss to the hull, machinery, and equipment of ships or other marine vessels and protects shipowners and operators against the risks and perils associated with owning and operating marine vessels.

It safeguards against various risks, including collisions, grounding, fires, sinking, and natural disasters such as storms or hurricanes. Marine Hull and Machinery insurance not only covers the cost of repairs or replacement of damaged or lost vessels but also includes provisions for salvage and wreck removal.

It is essential for shipowners and operators to have this insurance in place to mitigate the financial impact of potential marine incidents and protect their valuable assets. With Marine Hull and Machinery insurance, owners and operators can have peace of mind, knowing that they are covered for unexpected events and can continue their maritime operations with confidence.

Additional covers associated with Marine Hull Insurance are:
War Risk insurance and Breach of War insurance both protect against risks of war and civil war
Loss of Hire/Trade Disruption insurance
Kidnap and Ransom insurance

Marine Cargo insurance provides protection for goods and merchandise while they are being transported by various modes of transportation, including ships, airplanes, trucks, and trains.

This insurance covers the risks associated with the transportation of goods, including damage, loss, or theft during transit. Marine Cargo insurance offers comprehensive coverage throughout the entire journey, from the moment the goods leave the seller's premises until they reach the buyer's destination. It provides financial compensation for the value of the goods in the event of physical damage, total loss, or even partial damage caused by perils such as accidents, natural disasters, or unforeseen events during transportation.

Marine Cargo insurance is crucial for businesses engaged in international trade or shipping activities, ensuring that their valuable cargo is protected against potential financial losses. It provides peace of mind to importers, exporters, manufacturers, and distributors, allowing them to focus on their core operations while having confidence that their goods are covered in transit.

This cover is extendable to all modes of transit: air, sea, road, rail, courier and personal delivery.

A single umbrella policy can be designed to cover shipments including imports, exports, local purchases/sales, intercompany transfers and intermediate storage.

Yacht, Pleasure Craft, and Jet Ski insurance offers comprehensive protection for businesses that own or operate watercraft for recreational or commercial purposes.

This insurance provides coverage for various risks associated with yacht, pleasure craft, and jet ski ownership, including physical damage, liability, and personal injury. It safeguards against perils such as collisions, fires, theft, vandalism, and accidents that may occur while the watercraft is in use.

Yacht, Pleasure Craft, and Jet Ski insurance for companies can cover a range of vessels, including luxury yachts, sailboats, powerboats, and jet skis. It typically includes provisions for hull damage, liability to third parties, medical expenses, towing and assistance, and personal effects. By obtaining this insurance, companies can protect their valuable assets, mitigate the financial impact of potential accidents or incidents, and ensure compliance with legal requirements and industry standards.

Yacht, Pleasure Craft, and Jet Ski insurance for companies is a vital risk management tool that allows businesses to enjoy the pleasures of watercraft ownership while minimizing exposure to financial liabilities and uncertainties.

The policy can be extended to cover Liabilities to Third Party Property Damage and Bodily Injury.

Ship Repairers Liability insurance is designed to protect ship repairers and shipyards against liability claims arising from their operations.

This insurance provides coverage for damages or losses to vessels under repair, as well as third-party property damage and bodily injury that may occur during the repair process. Ship Repairers Liability insurance safeguards against risks such as negligence, faulty workmanship, errors, or omissions that could result in damage to a vessel or injury to workers or third parties. It covers legal defense costs, settlements, and judgments, helping ship repairers mitigate the financial impact of potential liability claims.

This insurance is crucial for ship repairers and shipyards as it ensures that they have adequate coverage to handle the unique risks and challenges of their industry. With Ship Repairers Liability insurance, businesses can operate with confidence, knowing that they are protected against potential financial losses and legal obligations associated with their repair operations.

The cover can be extended to include liability arising from pollution, collision and removal of wreck.

Protection & Indemnity (P&I) insurance protects shipowners, operators, and charterers for liabilities and risks associated with the operation of vessels.

P&I insurance goes beyond traditional hull and machinery coverage by offering a wide range of liability protections. It typically covers liabilities related to crew injuries, cargo damage, pollution, collision, wreck removal, and legal expenses arising from maritime incidents. P&I insurance is essential for the maritime industry as it helps mitigate the financial risks and potential liabilities that can arise from operating ships. It provides peace of mind to shipowners and operators, ensuring that they are financially protected against unforeseen events and legal claims that may arise during the course of their operations.

With P&I insurance, maritime businesses can navigate the complex world of shipping with confidence, knowing that they have comprehensive coverage in place to handle potential liabilities and protect their assets.

This policy covers ships under construction from the date of keel laying. The cover continues through the phase of construction, sea trial and can be extended to include delivery to customer.

Builders All Risk insurance typically covers risks such as fire, theft, natural disasters, accidental damage, and vandalism. It extends coverage to the construction site, materials, machinery, equipment, and even temporary structures. Additionally, BAR insurance offers protection against liabilities arising from bodily injury or property damage to third parties, including neighbouring properties and individuals.
In addition to the damages arising out of physical damage, this insurance covers liability arising out of construction activity including collision, crew, pollution and wreck removal.

It is an essential insurance for contractors, builders, and property owners involved in construction projects, as it provides financial protection and peace of mind throughout the duration of the project. With Builders All Risk insurance in place, stakeholders can focus on the construction process with confidence, knowing that they are covered against potential financial losses and liabilities that may arise during the course of the project.

Builders Risk cover can be extended to include Conversion Projects.

Freight Forwarders Liability insurance provides protection to freight forwarders and logistics companies against liabilities arising from their role in organizing and coordinating the transportation of goods.

This insurance is designed to cover potential losses or damages to cargo during transit, errors or omissions in documentation, delays in delivery, or acts of negligence by the freight forwarder. It safeguards against financial liabilities and legal expenses that may result from claims made by shippers, consignees, or other parties involved in the shipping process. Freight Forwarders Liability insurance is essential for businesses operating in the logistics industry, as it helps mitigate the financial risks and potential legal obligations associated with the movement of goods.

By having this insurance, freight forwarders can confidently offer their services, knowing that they are protected against unforeseen events and potential claims. It provides peace of mind to both the freight forwarder and their clients, ensuring that goods are transported with the necessary safeguards in place and offering financial protection in case of any unforeseen incidents or errors.

Stock Throughput (STP) insurance is a specialized form of coverage that provides comprehensive protection for goods and merchandise throughout the entire supply chain, from production to final delivery.

Unlike traditional cargo insurance, which only covers goods during transit, STP insurance covers goods at every stage of their journey, including storage, processing, and distribution. This insurance combines the benefits of marine cargo, inland transit, and warehouse coverage into a single policy, offering a seamless and integrated solution for businesses involved in global trade and logistics.

STP insurance covers a wide range of risks, including damage, theft, loss, and physical deterioration of goods. It provides financial compensation for the value of the insured goods, whether they are in transit, at a warehouse, or at a production facility. STP insurance is particularly beneficial for businesses that have a high volume of goods moving through their supply chain, as it offers enhanced protection and simplifies the insurance process by consolidating coverage under one policy.

It is a valuable risk management tool that helps businesses mitigate the financial impact of potential losses and disruptions in their supply chain, ensuring the smooth flow of goods from point of origin to the final destination.

Hauliers Liability insurance is a specialized form of coverage that provides protection to haulage and transportation companies against liabilities arising from their operations.

This insurance is designed to cover the legal liabilities faced by hauliers for loss, damage, or theft of goods while in their care, custody, and control during transit. It also offers coverage for liabilities arising from accidents, collisions, or damage caused to third-party property or individuals during the transportation process. Hauliers Liability insurance ensures that businesses in the transportation industry are financially protected from potential claims and legal expenses.

It is a vital insurance for haulage companies as it helps mitigate the financial risks associated with transporting goods and provides peace of mind to both the haulier and their clients. With Hauliers Liability insurance, companies can operate with confidence, knowing that they have comprehensive coverage in place to handle potential liabilities and protect their reputation in the industry.

Kidnap and Ransom insurance covers the financial risks and potential liabilities associated with kidnapping, extortion, and ransom demands.

This insurance is designed to assist individuals, families, and organizations in managing and responding to kidnapping or extortion incidents. K&R insurance typically covers expenses such as ransom payments, crisis response consultants, negotiation fees, legal support, and related costs. It may also include coverage for additional expenses, such as medical care, rehabilitation, and accidental death benefits.

Kidnap and Ransom insurance is essential for individuals and organizations operating in high-risk areas or industries, as it offers a level of security and financial support in the event of a kidnapping or extortion attempt. It provides peace of mind, allowing individuals and businesses to focus on their activities while knowing that they have a comprehensive plan and support system in place to handle such critical situations.

K&R insurance plays a crucial role in safeguarding personal and corporate assets and ensuring the well-being and security of those at risk of kidnapping or extortion.

Aviation (Hull and Liabilities) insurance is a specialized form of coverage that provides comprehensive protection for aircraft owners, operators, and aviation-related businesses.

This insurance encompasses two main components: hull insurance and liability insurance. Hull insurance covers physical damage to the aircraft, including damage resulting from accidents, fires, theft, or natural disasters. It ensures that the cost of repairing or replacing the aircraft is covered, minimizing financial loss for the owner. Liability insurance, on the other hand, covers the legal liabilities arising from aircraft operations, including bodily injury or property damage to third parties. This includes coverage for accidents, collisions, or incidents that may occur during takeoff, landing, or in-flight.

Aviation insurance is crucial for individuals and businesses in the aviation industry, as it provides financial protection against the unique risks and potential liabilities associated with aircraft operations. It ensures that aircraft owners and operators can operate with confidence, knowing that they are covered in the event of accidents, damages, or legal claims. Similar covers can be extended to drones where and when applicable.

With Aviation (Hull and Liabilities) insurance in place, the aviation industry can thrive while minimizing exposure to financial risks and liabilities.

Airside Liability insurance is a specialized form of coverage that provides protection to businesses operating within the aviation industry against liabilities arising from their activities in the airside area of airports.

The airside area refers to the sections of an airport that are restricted to authorized personnel, including runways, taxiways, aprons, and aircraft parking areas. Airside Liability insurance covers a range of potential risks and liabilities, such as damage to aircraft, property damage, bodily injury to employees or third parties, and damage to airport infrastructure.

It ensures that businesses operating in the airside area, such as ground handlers, fuel suppliers, maintenance providers, and other service providers, have the necessary financial protection in the event of accidents, incidents, or claims.

Airside Liability insurance is vital for maintaining the safety and efficiency of airport operations and protecting the interests of both the insured businesses and the airport authorities. It allows companies to operate with confidence, knowing that they have coverage in place to handle potential liabilities and ensure compliance with the strict regulations and requirements of the aviation industry.