Special Risk Cover

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Special Risk

It’s vital that crewing on ships are kept in prime condition, to keep vessel operate rightly and efficiently, and to ensure full compliance with operational regulations..

Kidnap & Ransom

Kidnap & Ransom insurance provides Crisis Prevention and Crisis & Risk Management services, which include specialists handling crisis, kidnap or extortion events. The insurance will also cover the cost of such crisis handling, including negotiators, trauma teams and payment of a ransom.

Extended Contractual Liability

Extended Contractual Liability insurance is a specialist insurance for cargo carrying vessels. It allows the extension of liabilities in connection of carriage of cargo, which otherwise is limited to terms not less favourable than the Hague-Visby Rules under a standard P&I insurance. The cover can be arranged for both owners and charterers.

Builder’s Risk

Builder’s Risk insurance covers the interest of owners in vessels under construction and expires when the vessel is delivered. The insurance covers loss due to marine perils, strikes and lock-outs, but excludes error in design, faulty workmanship and faulty material.

Yacht Cover

Yacht cover is a highly specialized cover built up to suit each individual yacht owners’ requirements.

Extended Crew

Covers the shipowner/manager liabilities for crew according to their contract, when they are not covered by a vessel’s P&I insurance.

Strike

Strike/ Delay insurance is a tailor-made solution, giving ship operators the ability to insure against the loss of revenue as a consequence of delays. This is a stand-alone insurance policy, based on name perils and is not linked to H&M or P&I.

Mortgagees Interest Insurance

The Mortgagees Interest insurance covers the bank/lenders’ interest in the mortgaged vessel. The cover provides a valuable level of additional comfort to the Lender that an insured loss will be indemnified in the event of the original insurance proving unenforceable.

Cash in Safe/Cash in Transit

Covers cash and valuables in safe onboard or in transit to/from the assured’s vessels, including the crew’s cash and valuables in safe. The cover includes burglary, robbery and piracy.

Please inform about your request and we’ll get back to you as soon as possible.