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PROTECTION & INDEMNITY

 

We enjoy excellent relationships with the International Group Clubs. Several of our clients are on Club Boards. In addition, we have extensive dealings with specialist fixed premium insurers.

Our key selling point is personal service and we pride ourselves on the strong relationships that we build with our clients. We believe that every client, no matter how large or small, is important and we aim to recommend tailored solutions to meet all of their needs.

Our large business portfolio enables us to fully appreciate prevailing market trends in both the shipping and insurance markets and to react to changes in those markets quickly and efficiently. With P&I insurance, it is essential to have a long-term strategy and to adjust this strategy on an ongoing basis in response to the prevailing conditions.

We also have considerable strength in associated insurances, such as Freight, Demurrage and Defence (FD&D), Charterers’ and Traders’ Liability, Maritime Lien insurance and Certificate of Financial Responsibility (COFR) Guaranties for vessels trading to the US.

 

HULL AND MACHINERY

 

Our Hull and Machinery team provides market-leading services and placement expertise.

We are able to provide our customers with competitive pricing, obtained from approved insurers, in addition to a high service level.

Supported by Arthur J.Gallagher (Uk) Ltd we give you the leverage and market access of a global broker, combined with the commitment, niche expertise and personal service of a specialist team.

Our international network means that you can be assured that the broker placing insurance coverage for your international operations understands your exposures, knows the insurance markets, and can obtain broad coverage at a competitive price.

 

Cover can be arranged for:

 

  • Hull and Machinery

  • Increased value

  • Freight interest

  • Mortgagees’ interest

  • Loss of Charter Hire

  • Builders’ Risks

  • Voyage / Tow Risks

 

WAR RISKS

 

Shipping security has become an increasingly important issue within the maritime industry, particularly over the course of the last ten years. War and Piracy now includes the Persian Gulf, the Gulf of Aden, and surrounding Indian Ocean, West Africa and Indonesia. With this heightened activity comes an increased risk to shipping companies’ operations, their vessels and their crews.

Cover can be arranged on a variety of conditions depending on the requirements of the client. We always seek to tailor the most suitable package for the demands and needs of the operation in question. 

 

  • Conventional War Risks

  • Piracy

  • Kidnap and Ransom

  • Loss of Charter Hire

  • Charterers’ lost earnings

 

MARINE LIABILITY

 

We provide a specialist service in handling marine liability placements for all types of maritime operations across the world. We provide the individually tailored service and comprehensive risk management solutions required to address complex third party liability issues.

Our clients benefit from the high levels of expertise we can offer as well as our strong relationships with the leading international providers of marine liability risk transfer solutions.

Cover can be arranged on a primary or excess basis for the following: 

 

  • Marine general liability

  • Ship repairer’s liability

  • Marina operator’s liability

  • Charterer’s liability

  • Wharfinger’s and stevedore’s liability

  • Over-side and underwater equipment

  • United States marine employer’s liability

 

 Our client list is varied and expanding but includes:

 

  • Shipowners

  • Charterers

  • Shipyards and smaller repair facilities

  • Offshore operators

  • Companies engaged in dredging activities

  • Operators with Jones Act exposures

 

CARGO AND STOCK THROUGHPUT

 

We can provide protection to a broad spectrum of manufacturers, distributors, wholesalers, importers and exporters in the areas of:

 

Agricultural / Food and beverages / Manufactured goods / Electronics / Industrial equipment / Oil & petroleum products / Pharmaceuticals / Commodity business / Frozen & chilled goods / Construction & project cargoes including Delayed Start Up (DSU) / Containerised consumer products.

 

CONTAINERS

 

We also provide customized solutions for container owners, lessors, managers and operators offering the following cover:

 

Damage Protection Policy (DPP) / Physical loss and damage to containers and related equipment (including missing units) / Storage and repair risks / Insurance for container lessors’ customer default, including physical loss and damage, recovery, repatriation and loss of revenue coverages / Credit insurance for loss of pre-default accounts receivable / Political risks insurance covering confiscation, nationalization, expropriation, deprivation and embargoes.

 

PORTS AND TERMINALS

 

The cover we aim to provide is the broadest available at the most competitive price, whilst only utilising the most financially-secure insurers.

 

Clients include:

 

Port Authorities / Terminal Operators / Stevedores / Ship Agents / Warehouse and Depot Operators / Road Transport Operators / Freight Forwarders, NVOCCs, Logistics Operators.

 

Cover available includes:

 

Loss or damage of or damage to cargo under the client’s care, custody or control / Third Party Liability for property damage, injury, death or disease / Professional Indemnity for negligent acts or omissions of staff, breach of warranty / Liability to Authorities including regulatory breaches / Physical loss or damage to owned or leased handling equipment / Port property / Business Interruption including blockage of ports and channels.

 

 

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