Marine

Marine & Energy

Liberty Specialty Markets is a long-standing underwriter of Marine business with a global portfolio of risks across a broad section of industry.

Our focus is to underwrite high quality business in partnership with our clients, catering for their individual needs and backed by swift and effective claims handling.

 

Cargo

Globalisation has resulted in a large increase in trade between countries and intercontinental trade requires specific risk management solutions which Liberty Specialty Markets can provide.

Insurance cover is written on a global basis for a mix of importers, exporters, manufacturers and suppliers and we can include protection for cargoes being transported by vessel, aircraft and trucks as well as static risks. We specialise in dealing with complex risks and supporting the businesses of a broad range of clients from small, specialist companies up to multi-billion dollar businesses on a worldwide basis. We can also offer War and Terrorism cover on our cargo risks.

Classes of business

  • Cargo whilst in the course of transit
  • Cargo Storage Risks
  • Stock Throughput
  • Cargo Pre-Launch
  • Cargo Delay in Start Up
  • Ocean Tow Cargo
  • Cargo Liability

Wordings

  • All Risks Physical Loss or Damage written on standard Institute Cargo Clauses, American Clauses or domestic equivalent
  • Bespoke wordings

Interests

  • Agricultural Commodities
  • Tobacco
  • Clothing and Materials
  • Project Cargo
  • Foodstuffs
  • General Commodities
  • Machinery and Equipment
  • Manufactured Goods
  • Minerals
  • Oil and Gas
  • Pharmaceuticals
  • Satellite Pre Launch
  • Timber and Products

Line Size

  • USD 50 million General Cargo
  • USD 50 million Cargo Delay in Start Up

Territories

  • Worldwide

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Marine Hull

Liberty Specialty Markets provides Marine Hull insurance for a wide range of vessels and carriers on a global basis from the largest, most sophisticated cruise vessels through to bulk carriers, tankers, container ships, gas carriers, reefer vessels, harbour and offshore support vessels.

We look to work with ship owners and companies that have a proven track record of successfully and safely operating their vessels.

Classes of business

  • Hull and Machinery ‘All Risks’
  • Increased Value and other Total Loss Interest
  • Building Risks
  • Ancillary Interests including Port Risks, Tows and Average Disbursements
  • Yachts

Wordings

  • London, Norwegian and American wordings are those predominantly used

Line size

  • USD 25 million

Territories

  • Worldwide

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Marine Liability

Liberty Specialty Markets is a leading Marine Liability underwriter offering a broad range of products to protect shipping related businesses against physical loss or damage to third parties or injury to crew. Our specialist knowledge of this varied and sometimes complex market helps to guide our clients through all the options available when they are considering both vessel-based and on-shore risk management solutions.

We work with brokers on a worldwide basis, offering coverage to a range of clients from private, single vessel users to large multinational operations.

Classes of business

  • Stevedore’s Liability
  • Wharfinger’s Liability
  • Terminal Operator’s Liability
  • Ship Repairers Liability
  • Charterers Liability
  • Excess Marine Liability

In addition to our core book of business we also underwrite:

  • Marine Employer’s Liability (MEL)
  • Protection and Indemnity (P&I)
  • Liability to Cargo
  • Seepage and Pollution Cover
  • Contractual Liability

Line Size

  • USD 50 million

Territories

  • Worldwide

Marine War

Aimed at shipping companies that range from single vessel owners/operators to large multi-national fleets, the war risk product covers almost all of the war risk perils excluded under hull policies and is generally written at the same time as the standard hull policy.

From cruise ships, LPG vessels and container vessels to private yachts and fishing vessels, Liberty Specialty Markets provides market leading protection for fleets on a global basis. We offer rapid response for port calls worldwide, including war zones and countries of political instability.

Classes of business

  • Physical Damage to Hull
  • Detainment
  • Cargo War
  • War P&I
  • War Loss of Hire (as a result of physical damage and/or detainment)
  • Drug Seizure

Wordings

  •  Wordings are generally based around the Institute Time Clauses or equivalent (including German/Norwegian/American wordings)

Line Size

  • Combined single limit for Hull War and War P&I risks of up to USD 70 million

Territories

  • Worldwide including voyages into breach of warranty areas as per the current JWC List of excluded areas

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