Beazley's Marine Professional Indemnity Insurance policy protects a wide range of organisations involved in marine trade and in shipbuilding - from marine surveyors to shipyards - against financial liability arising from a breach of their professional duties committed in the conduct of their business. It also covers the costs and expenses of defending such claims.
These risks are growing in scale and complexity and the importance of robust professional liability cover is growing proportionately. If a third party suffers loss or damage as a result of a mistake made by a professional or the failure to exercise the required skill in providing a professional service, the financial consequences can be devastating.
We protect the interests of professionals including:
|Average adjusters||Marine engineers|
|Bunker brokers||Marine pilots|
|Classification societies||Marine registries|
|Collateral managers||Marine surveyors|
|Crew agents||Naval architects|
|Crew managers||New building supervisors|
|Cruise line agents||Oceanographers|
|Customs clearance agents||Owners pre-delivery crew|
|Designated persons (ISPS)||P&I club correspondents|
|Forwarding agents||Ship pool managers|
|Freight brokers||Ship agents|
|Hydrographic surveyors||Ship brokers|
|Offshore consultants||Ship managers|
|Lloyd's agents||Ship yards|
|Loss adjusters||Transport project designers|
|Managers of P&I Clubs||Truck brokers|
|Marine chemists||Yacht brokers|
|Marine consultants||Yacht managers|
Scope of Cover
Negligence, Errors and Omissions:
Any mistake made while carrying out the insured services, provided it is not a deliberate or reckless act of the insured.
Third Party Liability:
Non-contractual liability for physical loss of or damage to third party property and consequential loss resulting from such loss or damage, including liability for death, bodily injury or illness.
Claims by an Authority:
Legal liabilities imposed by a public or governmental authority in respect of fines, penalties and duties.
Fraud by an Employee:
Dishonest, fraudulent, criminal or malicious act or omission by any employee of the Insured.
Loss of hire
Legal liability arising from the loss of any documents in the insured's care or control.
Libel and Slander:
By reason of words written or spoken by the insured.
Intellectual Property Rights:
Unintentional infringement by the Insured of any copyright, trademark, registered design, patent, plagiarism or breach of confidentiality.
Breach of Warranty of Authority:
Exceeding the authority given to the insured by their principal.
Legal responsibility under local law for the liabilities of the insured's principal.
Defence and investigation costs.
Up to US $20,000,000