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