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Our Policies

marine & General policies

marine & General policies

Marine policies:

P&I - Protection and Indemnity (P&I) Insurance

This insurance, usually referred to as “P&I,” provides cover to shipowners, operators, and charterers for third-party liabilities encountered in the commercial operation of entered vessels. The main risks covered:

  • Loss of life, injury and illness of crew, passengers and other persons
  • Cargo loss, shortage or damage
  • Collision
  • Damage to docks, buoys and other fixed and floating objects
  • Wreck removal
  • Pollution
  • Fines and penalties
  • Quarantine
  • Crew repatriation and substitution
  • Damage to property on board the insured vessel
  • Mutiny and misconduct by crew
  • Unrecoverable General Average contributions
  • Vessel’s proportion of General Average

H&M – HULL & MACINERY

Under H&M policy we will cover loss and damage of the following extent of cover:

  • Vessel’s hull, machinery and other equipment;
  • Salvage and Salvage charges;
  • General average contribution;
  • Sue and labour;
ADDITIONAL COVER

Collision Liability – Proportion of Liability for collision with another vessel (3/4ths or 4/4ths)

War risks

Loss or damage caused by an act of war including civil war, revolution, rebellion, riot, hijacking or detention whereas normally these risks are excluded from the usual coverage (but for barratry and piracy). Such cover is given under other standard clauses like the Institute War and Strikes Clauses. 

Loss of hire

Loss of hire/earnings in the event of the vessel being off hire or unable to trade.

Charterers Liability

  • Damage to hull
  • Cargo liabilities
  • P&I: covers for illness, injury or loss of life of third parties, pollution, damage to third party property, GA, wreck removal, etc.
  • Costs: covers for costs like sue and labour, fines, stowaways, replacement of bunkers, etc.
      ADDITIONAL COVER
  • FD&D
  • Cargo owner legal liability
  • War, Bunkers, Freight, Detention, Piracy Loss of Hire, SOL etc.

General policies:

Freight forwarding liability cover

  • Liabilities for loss of, or damage to, cargo
  • Liabilities arising from errors and omissions including delay and unauthorised delivery
  • Third party liabilities
  • Fines for regulatory breach such as customs, pollution and safety at work
  • Investigation, defence and mitigation costs
  • Disposal costs following an accident
  • Quarantine and disinfection costs

Credit insurance

Credit insurance is designed for companies that want to insure themselves against possible damages as a result of transactions with customers that include credit terms. Among other things, these cases include non-receipt of the consideration from the customer due to insolvency or financial difficulty of the customer, for which arrears of payments were caused and non-receipt of the consideration. 

Cyber insurance:

In view of the accelerated technological development in recent years and the digitalization process in Israel and around the world, it is clear that a company that wants to insure itself against such risks will have to purchase cyber risk insurance which covers the company’s risks and associated damages due to cyber-attacks .

Cyber Insurance is an essential component in the company’s protection against many cyber-attacks that have increased in recent years when it has the ability to protect against damages caused to the company itself and to third parties to the company.