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Non-Marine

Extensive and varied experience of non-marine insurance

As our business has grown so has our non-marine capability. Whether for our existing marine and energy clients or for clients with standalone non-marine requirements, we have the expertise to support you.

Examples of non-marine risks we handle include Onshore Property, Onshore Construction, Crime, D&O, Cyber, Medical Malpractice, Public and Products Liability, Political Risks, Environmental Liabilities, Reps and Warranties and others.

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Our commitment to the highest standards of Client service.

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A-Z list of all insurance products

Slide 1

Commercial Crime

A commercial crime policy typically provides several different types of crime coverage, such as employee dishonesty coverage; forgery or alteration coverage; computer fraud coverage; funds transfer fraud coverage; kidnap, ransom, or extortion coverage; money and securities coverage; and money orders and counterfeit money coverage.

Contractors’ All Risks (“CAR”)

Contractors' all risks (CAR) insurance is a non-standard insurance policy that provides coverage for property damage and third-party injury or damage claims, the two primary types of risks on construction projects. Damage to property can include improper construction of structures, damage that happens during a renovation, and damage to temporary work erected on-site. Third parties, including subcontractors, may become injured while working at the construction site. CAR insurance not only covers those associated risks but also bridges these two types of risks into a common policy designed to cover the gap between exclusions that would otherwise exist if using separate policies.

Cyber Risks

Cyber and privacy insurance protects companies from costs related to hackers who may gain access to company-stored personal information. Cyber insurance is typically not included in general liability insurance. A cyber and privacy insurance coverage policy may protect companies from losses that result from data breaches or confidential data loss. Costs related to a data breach can include the expense of notifying clients, providing credit monitoring services, restoring personal data, and more.

There is typically CZ/CY (Property & Enterprise cover) cover offered that can be extended to include Liabilities (GDPR), Expenses (Ransomware, Data Restoration and alike.). On larger limits and on policies with wider coverage, the Cyber Health and Cyber Posture of a potential Insured is carefully studied by Insurers before terms are quoted and then able to be bound.

D&O

Directors and officers (D&O) liability insurance covers directors and officers or their company or organization if sued (most policies exclude fraud and criminal offenses). D&O insurance claims are paid to cover losses associated with the lawsuit, including legal defense fees.

Side A coverage covers directors and officers for claims where the company refuses to or is financially unable to pay for indemnification. Side B coverage covers the losses of directors and officers when the company does grant indemnification. Side C coverage, also called "entity coverage," extends coverage for the corporate entity itself.

Environmental Impairment Liabilities (“EIL”)

Environmental impairment liability (EIL) insurance is a specialized insurance policy that covers liability and sometimes cleanup costs associated with pollution. When not ‘sudden and accidental’ in nature, these type of risks are typically excluded in general liability and property insurance policies.

Industrial All Risks (“IAR”)

IAR Insurance protects the insured from property damage and business interruption suffered as a result of unforeseen and sudden circumstances. Coverages includes:

Material Damage

Coverage is provided for the insured items that are physically lost, destroyed or damaged by unforeseen and sudden accidents, other than by those excluded under the policy. For example:

Real property (buildings, including fixtures and fitting)

Personal property (all other contents including furniture and any other equipment that is in the care and control of the insured)

Stocks in trade

Business Interruption

Coverage is provided for the loss of income a business may suffer as a result of a Material Damage incident, should the business continue to function as if no such incident occurred. For example:

Gross Profit/Gross Revenue

Expenses required for the rental of the destroyed premises, employee salaries and any other fixed costs incurred from running the business.

Standing charges

Wages and salaries on a payroll basis

Increase in Cost Of Working (ICOW)

Additional Increase In Cost Of Working (AICOW)

The following extensions are made available:

Plate Glass coverage

Money coverage

Full Theft coverage

Fidelity Guarantee coverage

Functional Replacement Value

Employees’/Guests’ Effects

Slide 2

Medical Malpractice (“Med Mal”)

Medical malpractice insurance covers the acts, errors, and omissions of physicians and surgeons, encompassing physicians professional liability insurance, hospital professional liability (HPL) insurance, and allied healthcare (e.g., nurses) professional liability insurance.

Political Risks (“PRI”)

Political risk insurance (PRI) is a specialized insurance for companies doing business or conducting operations in foreign countries. The insurance addresses the business exposures to loss faced by these companies as a result of governmental action either foreign or domestic. Types of exposures that can be covered under political risk policies include confiscation, expropriation, deprivation, nationalization, political violence, currency inconvertibility, contract frustration, and export credit.

Professional Indemnity/Liability (“P.I.”)

Professional liability refers to a type of liability coverage designed to protect traditional professionals (e.g., accountants, attorneys) and quasi-professionals (e.g., real estate brokers, consultants) against liability incurred as a result of errors and omissions in performing their professional services.

Property All Risks (“PAR”)

Property insurance is first-party insurance that indemnifies the owner or user of property for its loss, or the loss of its income-producing ability, when the loss or damage is caused by a covered peril, such as fire or explosion. Usually covering named perils, there are many different policy forms and a wide range of clauses that include and exclude certain aspects of cover depending on the individual risk and information provided.

Public and Products Liability (and “CGL”)

Public liability insurance is insurance covering an insured's liability to third parties for causing bodily injury (BI) or property damage (PD) usually at their insured premises. Wider Commercial General Liability (“CGL”) coverage is available that protects a business against same BI and PD losses arising from Premises, Operations, Products and Completed Operations. The policies also cover losses caused due to advertising and personal injury.

Reps and Warranties (“M&A”)

Representations and warranties insurance, sometimes referred to as M&A insurance, refers to a form of coverage designed to guarantee the contractual representations made by sellers associated with corporate mergers and acquisitions. For example, the seller of a company may represent that the company's underground storage tanks are in good repair. If a serious leak is discovered following the purchase, the buyer can seek recovery for repair and clean-up costs from the seller's representations and warranties insurance policy. The key benefit of the policies is that they provide a viable alternative to escrow funds, which have traditionally been used to satisfy claims associated with representations and warranties contained in merger and acquisition documents.