Continuing change in global dynamics and rising demand for imported goods, not only brings long term growth opportunities but can also bring with it a number of risks for marine businesses.

Marine Hull and Machinery Insurance protects the Assured’s economic interest in the ship and its equipment’s capital value by covering the cost of damage repairs and total loss.

In addition to protection against physical damage to the vessel, Marine Hull and Machinery can also extend to the Assured’s collision liability arising from contact with another vessel or liability related to striking fixed or floating objects. The insurance will also cover the Assured’s sue and labour expenses, salvage costs and general average costs.