Marine Insurance
Global Insurance Brokers provides various marine insurance covers. Whilst these depend on a customer’s specific needs, marine insurance can be categorised within the following 3 categories.
- Personal Pleasure Craft – an insurance cover aimed at boats, yachts, and jet skis used for recreational purposes.
- Commercial Marine Cover – an insurance cover aimed at ships involved in commercial operations across the world.
- Marine Cargo Coverage – a cover which seeks to protect cargo that commercial vessels are transporting.
At the outset, it is important to note that all three covers provide different types of protection depending which our team can guide upon.
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Coverage in the case of Personal Pleasure Crafts sees the inclusion of coverage on the hull, machinery, and third-party liability. Third-party liability in this case refers to the coverage of passengers and destruction of property.
With respect to the Commercial Marine Cover, this sees the inclusion of the ship’s hull, providing protection and indemnity too.
With regards to Marine Cargo Coverage, we offer coverage on physical damage and theft of goods which often, unfortunately, occur during transit at sea.