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.
- Terminal operators
- Ship repairers
- Freight forwarders
- Marine surveyors
- P&I clubs
- Port authorities
- Financial institutions involved in the maritime industry
We provide shipbuilders with coverage for the various perils faced during the construction or conversion of vessels.
Hull & machinery
We provide competitive quotes across a broad spectrum of coverages including ITCH / American Institute Clauses and Norwegian Hull forms.
Additional indemnity is provided to that provided for under the insured's hull and machinery policy following total loss of the vessel.
Our coverage indemnifies the mortgagee (relating to a hull and machinery policy) for outstanding monies due to them in the event of non-payment of a claim following a breach of warranty by the operators of the vessel.