Marine Professional Indemnity

Marine_Professional_LiabilityWe help a varied group of marine professionals with protection against financial liability arising from a breach of professional duties committed in the conduct of their business. It also covers the costs and expenses of defending such claims.

These risks are ever increasing in scale and complexity and the importance of robust professional liability cover is growing proportionately. If a third party suffers loss or damage as a result of a mistake made by a professional or the failure to exercise the required skill in providing a professional service, the financial consequences can be devastating.

We help protect the interests of various marine professionals including:

  • Average adjusters
  • Marine engineers
  • Bunker brokers
  • Marine surveyors
  • Crew agents
  • Naval architects
  • Crew managers
  • Customs clearance agents
  • P&I club correspondents
  • Forwarding agents
  • Ship agents
  • Ship brokers
  • Offshore consultants
  • Ship managers
  • Shipyards
  • Loss adjusters
  • Yacht brokers
  • Marine consultants

Typically, the scope of cover includes:

  • Negligence, Errors and Omissions
    Any mistake made while carrying out the insured services, provided it is not a deliberate or reckless act of the insured
  • Third Party Liability
    Non-contractual liability for physical loss of or damage to third party property and consequential loss resulting from such loss or damage, including liability for death, bodily injury or illness
  • Claims by an Authority
    Legal liabilities imposed by a public or governmental authority in respect of fines, penalties and duties
  • Fraud by an Employee
    Dishonest, fraudulent, criminal or malicious act or omission by any employee of the Insured
  • Loss of Documentation
    Legal liability arising from the loss of any documents in the insured’s care or control
  • Libel and Slander
    By reason of words written or spoken by the insured.
  • Intellectual Property Rights
    Unintentional infringement by the Insured of any copyright, trademark, registered design, patent, plagiarism or breach of confidentiality

In a complex operating environment where precision is key, even the best preparation and efforts can go awry, resulting in a loss or a claim.

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