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Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. We provide all types of marine insurance coverage including marine hull insurance, marine cargo insurance, stock throughput insurance and marine liability insurance — which we’ve broken down for you below.
We protect all types of ocean-going vessels worldwide against risks such as physical damage and collision liability. We also offer marine hull war insurance to protect against the risk of piracy and terrorism, as well as war physical damage to vessels. Kidnap & ransom cover can be added to hull cover.
Marine cargo insurance provides cover against loss or damage to goods whilst being transported worldwide. Any business that imports, exports or manufactures goods is likely to have a need for marine cargo insurance.
You can secure marine hull war risk cover for most types of ocean inshore and offshore assets as a protective layer against war and terrorism. Our specialist team is backed by certain Syndicates of Lloyd’s, and recognised and respected leaders in hull & machinery, war and related insurances. We’re confident in constructing bespoke coverage as well as using conventional market offerings.
We provide coverage all over the world, with limits up to maximum hull values. We also cover building risks and have developed a unique product to insure the construction either whilst afloat, in dry dock or on land prior to launch. Additional but related interests include war risks, loss of hire, war risks protection and indemnity together with marine kidnap and ransom insurance.
This provides cover for all moveable goods that are subject to trade. The goods are covered at all times. A stock throughput policy provides seamless cover, avoiding potential gaps and disputes that might arise if the cover were to be placed under a combination of marine and non-marine policies. Administration is easy as premiums are based upon a single percentage rate applied to your turnover.
Usually referred to as P&I, this provides cover to shipowners, operators, and charterers for third-party liabilities encountered in the commercial operation of entered vessels. P&I covers practically all maritime liability risks associated with the ownership and operation of a vessel. P&I insurance is often provided by a P&I club, which is essentially a mutual insurance association that provides pooling of risks for its members.
You can extend cover for specialist operations undertaken by tugs, barges, drilling units and other specialist vessels.
We work with multiple syndicates at Lloyd’s of London to provide coverage to the owners and operators of ports and terminals involved in the carriage, handling or storage of cargo.
No matter the size or nature of your facility, Mekong Re’s ports and terminals insurance team specialists will be able to offer a creative and customised solution for your business.
Marine professional indemnity insurance is designed to protect firms and individuals within the maritime industry against claims arising from their professional liabilities, errors and omissions. Even if you’re not responsible for an occurrence or event, the cost of investigation and defence can rise very quickly, which can damage or even destroy your business. A robust PI policy provides a layer of safety when such claims occur.
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If you’re seeking flexible, reliable marine reinsurance, speak to a marine specialist at Mekong Re.
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