Marine Piracy

The global maritime watchdog recently reported that marine kidnappings reached a ten year high in 2016, seeing a threefold increase on the previous year. Across multiple shipping channels, marine piracy continues to be an issue and the increase in crew kidnappings for ransom is a particularly worrying trend. That’s why we’ve designed a marine kidnap and ransom product for single vessels or fleets, specifically addressing the key piracy exposures faced by the maritime industry.

Coverage Highlights:

• Extended Personal Accident Benefit
• Ransom in Transit
• Additional Expenses
• Loss of Hire
• Legal Liability
• 24/7 Access to Expert Response Consultants

Who's if for?

• Ship Owners
• Ship Managers
• Charterers of Vessels
• Yacht Owners