Marine Insurance

This policy covers yachts, motorboats and personal watercraft, with or without engine, for private pleasure use in open and inland waters. It includes “extras” as are tenders, outboards, sails, equipment, generators, winches and personal effects and offers protection for such perils as are those associated with navigation, inland transit, fire, storm, lightning, malicious damage, theft and impact. This policy also generally covers third party liability risks which can be insured on their own, without the damage element.

This policy covers loss or damage to waterborne vessels and is usually taken up by owners and operators of larger vessels regardless of whether used privately or commercially. It will typically cover the same perils found in a pleasure craft insurance with additional perils relating to the nature or use but will exclude liability to others.

This policy covers ship owners and operators for their liability including for damage to cargo, other vessels, marine installations and docks, for loss of human life as a result of sickness or accident, and marine collisions.

This is a supplementary insurance intended to cover the war-related exclusions that are usually found in the Hull & Machinery and Protection & Indemnity policies and covers damage caused by war, civil war, revolution, rebellion, capture, seizure, arrest, restraint or detention.

This is the policy taken out by fish farm operators and covers buildings, installations, equipment, employees, stocks of feed, livestock, vessels, divers, towing and transit, employees and other liabilities.