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This policy is a physical damage policy designed to cover physical loss or damage from a marine peril and will include recovery actions, and other events associated with a physical loss at sea. The policy is adapted to the requirements of the shipowner, whether "all risks" or "limited conditions" or "total loss only" cover.
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Our War coverage provides the vessel's owner with an insurance against war and marine terrorism perils. some of
These perils include capture, expropriation, restraint, detainment, seizure, confiscation, arrest and any other terrorist act or person acting maliciously or from a political motive.
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This service is Usually arranged as a programme to protect a range of third party and physical loss and also damage risks encountered by authorities that oversee any of the port or terminal operations.
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Given the international nature throughout the shipping industry GIS insures vessels, ports and ship repair yards throughout the world. Risks are written on both a primary and an excess of loss basis. Catlin uses its knowledge and experience within this class of business to provide tailored coverage for a wide range of international clients.
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Shipyards are exposed to a diverse range of perils and insurance coverage, irrespective of any contractual requirement, is required to respond in the event of physical loss of or damage to the vessel in the course of construction, as well as associated liabilities, which is under their care, custody and control.
We have in-depth knowledge and experience in arranging Builders’ Risk insurance for both standard and bespoke placements for vessel construction ranging from conventional Commercial to Military and Specialist Offshore Units.
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