New Insurance Products in our Portfolio

Contribution Protect – Liquidity assurance for ship owners in cases of general average

This is a non-binding product information. Any cover is defined by the actual wording and policy slip only. One of your vessels announces general average. The cargo contribution exceeds the small GA clause of your hull insurance. To handle the crisis you require financial resources. The contributions of the non-ship interests are a long time coming.

Cargo Contribution Protect provides liquidity within one week and covers the risk of payment default of the cargo side. A prompt settlement saves additional costs of the general average. Your vessel can pursue her charter operations in no time.

Crisis Protect – a Worldwide Protection for your Employees in Crisis Situations

This is a non-binding product information. Any cover is defined by the actual wording and policy slip only. How do you react to unforeseen emergencies? In case an unexpected event causes a crisis situation to you or your employees? Such events might include grave accidents, crime, attacks or a natural catastrophe. How can you, as an employer or an event organizer help in a quick and uncomplicated way whilst considering and expanding on your own duty of care?

Crisis Protect provides support of professional crisis management in the case of an insured event. Thusly you can stay clear-headed in crisis situations and avert further damage for yourself and your employees.

Deviation Protect – insurance for financial loss in case of a deviation

You are aware of the danger that piracy presents, for example, in the Gulf of Aden or in the Gulf of Guinea and therefore you have decided to engage a team of armed guards. What if one of the guards on board becomes incapable of fulfilling their duty as a result of a disease or an accident and your insurance cover might consequently be at risk? Who will bear deviation costs? Who will compensate you for the Loss of Hire and demurrage costs?

Deviation Protect covers the financial loss and offers you a professional crisis management in the case of an insured event.

Global Protect – Ransom Insurance for Kidnap and Extortion Risks

This is a non-binding product information. Any cover is defined by the actual wording and policy slip only. It is increasingly likely to become a victim of a kidnapping or extortion – the risk is rising all over the world. Progressing globalization requires business activities in supposedly secure and obviously insecure regions. Companies and employees alike are steadily more exposed and prevention becomes absolutely essential.

Global Protect prepares you for such risks. Professional crisis managers are ready to implement alarm chains as well as necessary crisis units. In case of a claim our crisis manager supports you during negotiations and in the specific situation, while the insurer covers the insured costs.

Global Sea Protect – Insurance for Individual Coverage of Piracy Risks

Are you engaged in international commercial maritime operations and do you require a flexible insurance for individual coverage of piracy risks at seas as well as kidnap and ransom risks onshore?

Global Sea Protect offers a holistic coverage by combining crisis management components and corresponding first class insurance. You profit from your insurance right from the start. A free preventive training is included under each policy to prepare your company for the worst case. In case of a claim our crisis manager supports you during negotiations and in the specific situation, while the insurer covers the insured costs.

Single Transit Protect – Single Transit Insurance against Hijacking, Extortion and Kidnap

Single Transit Protect has been specifically developed for the insurance of single transits. It provides comprehensive cover for each insured vessel and on a per voyage basis. Quick processing times provide you with the necessary data to plan costs and secure cover in due course.

Single Transit Protect covers costs arising from kidnap, extortion, hijacking and Loss of Hire. Insurance can be issued for insureds domiciled in all major marine marketplaces and several other nations. As usual for HK policies it places a significant stress on prevention. A crisis management check up is a vital component of each policy, assuring that your client is prepared for the worst-case.