MARINE (HULL & CARGO)

Shipping is a global industry involving movement of passengers and often volatile cargoes across long distances by operators. It cuts across national and international legislation and being 24 hour a day business, it operates across international time zones.

Various forms of risks underwritten are:

Hull and Machinery Cover: For the mainframe of the ship against loss or damage including the engines.

Yacht Insurance: For pleasure crafts, insurance is also needed for loss or damage or liability to third parties.

Marine Cargo: Goods that are moved from port of exportation to that of importation are covered against the risk of physical loss or damage, Stevedoring Liability.