Protection and Indemnity insurance, commonly known as P&I insurance, is a comprehensive type of marine liability coverage provided by a P&I club. It – amongst others - provides coverage for liabilities in respect of cargo, third parties, passengers and crew, pollution and clean up costs, wreck removal costs, stowaways, diversion expenses etc.
Hull & Machinery Insurance is an insurance for physical loss and damage which covers vessels against a number of perils.
Loss of Hire insurance covers the insured for loss of income / hire in consequence of a marine loss which is covered by H&M insurance.
The War Risks Insurance amongst others basically covers damages to or loss of an insured vessel caused by a number of perils like war, civil war, revolution, rebellion, detention, confiscation, mines torpedoes, bombs, pirates which are otherwise not covered by P&I and H&M insurances.
Charterers’ Liability Damage to Hull Insurance covers the contractual liabilities of the Charterer under the Charterparty towards the Owner, arising out of stevedore damages, wrong bunker, unsafe port etc. and the legal liability connected therewith.
Freight, Demurrage & Defence Insurance provides cover for the costs of legal representation and expert advice in relation to Charterparty disputes and for instance builders’ risks contracts etc.
Ship Owners’ Liability to Cargo Insurance covers, amongst others, liabilities to those concerned in cargo arising out of or during deviations of all kind whether “planned” or otherwise which are not covered by the Insured’s entry/policy with their P&I insurer.
Deviation Expenses Insurance covers additional daily costs of a vessel resulting from the deviation respectively the delay of a vessel. Such costs may arise for example for: taking ashore a sick, injured or dead crewmember/passenger, for searching a missed person, for waiting for a substitute crewmember or for taking ashore stowaways, refugees etc.
Passenger Deviation Insurance covers additional daily costs of a vessel resulting from the deviation of a vessel due to illness and/or accident and/or death of a passenger being on board. The premium is graded according to the age of the passenger and the amount of the daily sum insured.
Ship Seize Insurance covers Loss of Earning and/or additional expenses arising from seize of vessel due to presence of any contraband on board the vessel or various other reasons.
NVOCC Liability Insurance covers the contractual liabilities of the NVOCC / Freight Forwarder arising from the Contract of Affreightment.
Yacht Insurance covers pleasure craft for H&M and Liability risks within the scope of one insurance product.
Towage Insurance of tows for H&M and P&I risks within the scope of one insurance product.
Errors & Omissions Insurance / Professional Indemnity Insurance covers the insured for liabilities resulting from his negligence and errors and omissions arising from his contractual commitments towards his principal.
Cargo Insurance is an insurance for physical loss and damage which covers cargo against a number of perils.
Container Insurance is an insurance for physical loss and liability which covers containers against a number of perils.
Terminal Insurance is an insurance for physical loss and liability which can even include loss of use cover.
