Overview
We participate in the insurance of approximately 10% of the
world's ocean-going trading tonnage and are the prominent leader of
voyage and tow business in the London market.
Details
The Beazley Marine team is a recognised leader in the insurance
of owner-operated shipping company business. Our underwriters
have an excellent understanding of the industry and their customer
base and place great importance on maintaining a close and
knowledgeable relationship with the management of the companies we
insure.
We aim to offer unrivalled speed and excellence in our technical
and claims service. Customised policies and programmes are
available to suit individual requirements and both standard and
non-standard covers are offered for all ages and types of
vessel.
We provide competitive quotes across a broad spectrum of
coverages including ITCH / American Institute Clauses and Norwegian
Hull forms. Coverage is provided for hull time all risks and
limited conditions, voyage and towage risks, increased value /
disbursements, loss of hire, total loss only, mortgagee's interest,
building risks, port risks, yachts / pleasure craft,
reinsurance and war risks.
Please refer to separate sections for further detail
on Builders' Risks, Hull & Machinery, Increased Value, Mortgagee's Interest, Voyage & Tow.
We will pay these losses
As we write a wide range of non-standard and customised
covers the losses we pay out on varies considerably but typically
would include total loss of a vessel, repair costs following damage
to a vessel, certain expenses and liabilities, sue &
labour, GA contribution, salvage costs, etc. All
subject to the terms and conditions of the actual
policies.
Target market
Shipowners
Charterers
Terminal Operators
Ship Repairers
Freight Forwarders
Marine Surveyors
P&I Clubs
Port Authorities
Financial Institutions involved in the maritime industry
Key territories
Worldwide but in particular Europe and the Middle East.