Piracy

Piracy

The threat of Piracy in many regions of the world still looms large and as part of our comprehensive marine coverages package, we are able to offer this either as an addition to standard policies as an extension for Piracy or as a standalone product. This provides much needed coverage for owners and operators of ocean-going craft conducting transits in high-risk and hostile regions.

We are able to organise competitive international liability insurance across a broad scope of requirements. Our markets offer coverages that will include the following;

Crisis management/response team: Support of a highly experienced response teams to assist in the successful resolution of any incident.

Ransom: Surrendered by or on behalf of the assured to meet a kidnap or an illegal seizure demand.

Loss of ransom in transit: By actual damage, destruction, disappearance, confiscation, seizure, theft or wrongful abstraction.

Additional expenses: Comprehensive coverage of fees and expenses necessarily incurred for the duration of an insured event.

Legal liabilities: Settlements or awards, fees and judgments imposed upon and paid by the assured as a result of an action for damages brought by or on behalf of any insured person as a result of a hijacking.

Personal accident: Comprising loss of limb, loss of sight, loss of extremity, permanent total disablement or death of a covered person as the result of an actual or attempted insured event.

Optional coverage

  • Loss of hire
  • Loss of income the ship owner / charterer suffers in the event of a hijacking.
  • Firearm extensions to cover security personnel when required.
  • Refuelling liabilities for additional expense or delays in underdeveloped and unstable region
  • Potential environmental or pollution claims against primary industries and transportation companies.
  • Any other personal, professional or possession-based global liability insurance