Marine insurance covers the loss or damage of ships, cargo and any transport by which property is transferred between the points of origin and final destination. It also provides hull and machinery cover for ship owners. Any company that is exposing to the marine and shipping industry could get a great solution from us.
We surely could help our clients to manage their risk in shipments and make your day as your daily operations goes well and smooth. We know the intricacies of marine commerce and its many clauses, so we could manage your unexpected news such as damage and loss of your transports.
A marine insurance policy is made to suit the shipper’s needs from basic protection against loss or damage of ships to more comprehensive policies. This policy could also be practise for a shipment-by-shipment basis.
Why we need Protection and Indemnity policy?
Old saying “better safe than sorry” could define how important to have marine insurance as we never know consequences that can happen. Although it doesn’t happen often but it still do happen. This marine insurance includes anything from theft, scratches, dents etc. right through to total loss. Whenever your ships or transport face any loss or damage, marine insurance can be useful to make your heart earn peaceful.
What does Hull and Machinery policy do?
Hull and Machinery policy provide physical damage protection for the ships or vessels and the machinery which is part of them. When your ships have any damage (theft, scratches, dents etc.) or loss, it could be claim to your marine insurance to have replacements or repaired.