Marine Insurance


 

R2S Brokers offers a variety of coverage options for your Marine Hull, Cargo, and Land in Transit. Marine handlers have the experience and tools to find the right program for your needs. A commitment to personalized attention and access to multiple insurance carriers results in comprehensive coverage at an affordable price.

Marine Cargo

If you would like to discuss your marine insurance requirements with one of our agents, please contact us or fill in your details on the relevant quote form and we will get back to you shortly.

Cargo Insurance programs for all types of Cargo, whether by sea, land or air, travelling anywhere in the world. Each cover is individually created to address the risks involved and will include an appropriate range of extensions providing wider coverage than is offered under standard Institute or Market Clauses.

War & Strikes Risks Cover against War, Strikes, Riots, Civil Commotions etc., generally, but not necessarily, incorporated into broader Cargo Insurance covers

Stock throughputs Extended Cargo and Logistics insurance programs incorporating longer term storage, processing or distribution center risks.

Guaranteed Outturn Extended Cargo covers for the bulk trades (most particularly bulk liquids) providing protection for "paper losses" in excess of normal shortage and where there is no apparent or identifiable cause of loss.

Project Cargoes and Delay in Start-Up Marine Cargo and Consequential Loss covers for construction or other infrastructure projects anywhere in the world (also known as Advanced Loss of Profits "ALOP" or Delay in Start-Up "DSU"). Frequently requiring substantial insurance capacity from worldwide insurance markets.

Rejection Cover against the refusal of inspection authorities to allow the import of specific insured goods into the intended destination country. Most particularly of relevance to shippers of foodstuffs and perishable goods. Almost invariably insured as an extension to a Cargo program.

Livestock Cargo insurance programs for worldwide shipments of Livestock.

Container Operating and Leasing Risks Comprehensive insurance programs for Container Leasing and Operating companies including Physical Damage on Owned or Leased Equipment, Lessor Default, Repatriation & Recovery, Loss of Revenue and Third-Party Liabilities.

Marine Equipment & Cash on Board Machinery, Equipment, Cash or Valuables carried on board ship which is not covered under the vessel's Hull & Machinery insurances. This would typically include Charterer's Equipment or master’s Cash. Where necessary, coverage may be extended to include transits to and from ship and shoreside storage exposures.

Transit and Forwarding Risks Comprehensive liability and physical damage insurance programs for Forwarders, NVOCC's and other Logistics and Distribution companies including liabilities to cargo and third parties, errors & omissions and physical damage to owned or leased containers.

Trade Disruption and Consequential Loss Contingent insurances individually designed to address specific financial exposures relating to a marine peril faced by companies trading anywhere in the world. This might typically involve additional costs or expenses arising from the delayed arrival of goods and would generally be integrated into a larger Cargo insurance program.

Credit, Financial & Political Risks Protection against Open Account and Letter of Credit exposures as well as Political and Political Violence or Terrorism risks in relation to the Maritime Industries.

Fine Art, Specie and Exhibition Risks Insurance programs for Fine Art, Specie, Antiques and valuables whilst in transit and on exhibition.

Trade Finance Comprehensive cargo insurance programs for trade financing transactions which can include covers for extended, non-incidental pre- and post-shipment storage, war on land, and confiscation.

Marine Hull

If you would like to discuss your marine hull insurance requirements with one of our brokers, please contact us or fill in your details on the relevant quote form and we will get back to you shortly.

Hull and Machinery Physical loss or damage cover for all types of sailing and motor yachts including tenders and toys. We offer a bespoke service to cater for each individual client's requirements.

Increased Value An amount insured in excess of the vessel's hull and machinery sum insured, which covers additional costs, liabilities and expenses associated with the total loss of a ship.

Protection and Indemnity (P&I), including Overboard Activities Third party liability cover for all types of yachts. Arranged within our hull package policy or placed with International Group Clubs, Independent Clubs or commercial underwriters.

Other additional benefits and extensions

War, Uninsured Boaters Coverage Personal Accident and Crew Medical, Fixtures, Furnishings and Fittings, Cash Onboard, Personal Effects, Employers Liability, Risk Assessment, Builder Risks, Marinas, Bespoke Products.

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