Marine Insurance is a broad area, and the policies we recommend are bespoke, depending on the focus of your activity or business. However, common covers include:
Public Liability Insurance
If your business deals in any way with the general public, Public Liability Insurance is among the most essential of covers for you. This is as true if you’re a yacht dealer as if you handle third party freight. If your business activities were found to have injured a client or member of the public, or caused damage to their property, you could find yourself liable for potentially crippling legal costs, as well as the cost for replacing or repairing property and compensation. Public Liability Insurance can be tailored to your needs and will protect you against the whole range of public liability claims.
Employers Liability Insurance
If your marine-based business employs staff, you’re legally obliged to have Employers Liability Insurance in place. This will protect you in case an employee claims that your business activities have caused them a serious illness or injury. It will pay out promptly for legal costs as well as damages related to employee-driven lawsuits.
Loss of Hire / Loss of Revenue / Trade Disruption Insurance
Serious problems may not derive from individuals at all, but rather events beyond your control. Imagine a storm destroyed, or interrupted the delivery of, your cargo – or meant your business had to stop trading for several days. This type of cover protects you by reimbursing your lost earnings, giving you the peace of mind to focus on the bigger picture.
War and Terrorism Insurance
Where global business is concerned, war and terrorism are real threats that could lead to major loss of revenue. War and Terrorism Insurance has been especially designed to cover the worst possible scenarios, ensuring that your claim will be settled promptly, so you can keep your business running smoothly.