Marine Hull Insurance provides comprehensive protection for the hull and machinery of a vessel against loss or damage arising from a wide range of perils, including fire, explosion, robbery, collision, and other ship-related risks.

The policy can be extended to cover vessels operating on inland waterways, protecting against risks such as collision, piracy, sinking, and removal or destruction of wrecks. Coverage can also be arranged while the vessel is in dry dock.

Policyholders have the flexibility to insure their vessel or yacht either for a specific voyage or for a specific period, typically 12 months, regardless of the number of voyages undertaken. The policy can further be extended to cover damage caused to other vessels by the insured ship.

Optional Add-On Covers

• Terrorism

• Business Interruption

• Third-party property damage and bodily injury

• Removal of debris

• War, strike, riot, and civil commotion risks

Protection & Indemnity (P&I) Insurance

Protection and Indemnity (P&I) Insurance provides liability coverage for vessel owners and operators, protecting them against legal liabilities, bodily injury, and property damage arising from the ownership or operation of declared vessels.

Typical P&I Coverages Include:

• Loss of life, injury, and illness of crew members, passengers, and third parties (excluding liabilities under statutory compensation acts such as the Jones Act or Workers’ Compensation Acts)

• Damage to cargo carried on board

• Damage to piers, docks, jetties, and other fixed or floating objects

• Wreck removal costs

• Collision liability

Marine Kidnap & Ransom Insurance

Marine Kidnap & Ransom (K&R) Insurance addresses the growing threat of kidnapping, hijacking, and ransom demands, which pose significant risks to shipowners, vessels, and crew members. Effective risk management in such scenarios is critical to safeguarding human lives as well as valuable maritime assets.

This policy indemnifies the insured against financial losses arising from the seizure or detention of a vessel or crew for ransom. It also covers various associated costs that may not be insured under standard marine or liability policies.

Key Coverages

• Loss of ransom money during transit

• Legal liability and professional advisory costs

• Additional expenses incurred, including (but not limited to) injury or death of crew members