You don’t need black market insurance they don’t pay claims, we pay genuine claims.
A marine policy covers either the Cargo or the Hull.
Marine Cargo policy indemnifies the insured for accidental damage or loss to the insured property (cargo) as a result of insured perils such as storm, jettison, fire, seawater damage, etc.
There are mainly three clauses in marine insurance business.
- Institute Cargo Clause “A”
This clause is comprehensive in nature and thus covers “All Maritime Risks” except specifically excluded perils.
Shipment can be either by sea or by air.
- Institute Cargo Clause “B”
This clause (cover) gives a wider maritime cover than the clause “C”. In addition to the cover granted under the ICC “C”, the following perils are covered under the ICC “B”: Earthquake, volcanic eruption and lightning, Washing overboard by sea water or wind, entry of sea, lake or river water into the vessel causing damage to the goods, Total loss of package overboard or dropped into the sea while loading or unloading from the vessel
- Institute Cargo Clause “C”
The Institute Cargo Clause “C” gives the least cover in marine insurance. The perils that are covered are, Fire and explosion, Vessel being stranded or capsized, Impact damage, Discharge of cargo at a port of distress, General average sacrifice and Jettison.
Professional Indemnity policy, indemnifies the insured for any sum or sums which the assured may become legally liable to pay arising from any negligent acts, errors or omissions occurring during the period of insurance specified as a direct result of the professional conduct of their business, by the assured or any partner or any person employed by the assured. Read More
This is a Comprehensive policy that covers accidental damage, fire and burglary to the insured Items. In other words, the policy covers virtually all insurable perils except the specifically excluded ones. Read More
Our Engineering insurance policies provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation. Read More