MARINE INSURANCE

Protecting your maritime interests with comprehensive cover.

Navigating the Seas with Confidence:
Marine Insurance

The marine industry faces unique risks and challenges. Whether you own a cargo ship, fishing vessel, pleasure craft, or operate a port facility, protecting your assets is vital. At Clyde Brokers, we offer a wide range of marine insurance solutions in Glasgow, tailored to the specific needs of businesses and individuals operating in the maritime sector.

Comprehensive Protection for Vessels and Cargo

Our marine insurance policies can be customised to include various types of cover:

  • Hull and Machinery Insurance: Covers damage to the vessel itself, including the hull, machinery, and equipment, caused by perils such as fire, storms, collisions, and groundings.

  • Cargo Insurance: Protects the cargo being transported against loss or damage during transit, including risks like theft, fire, water damage, and handling errors.

  • Protection & Indemnity (P&I) Insurance: Provides cover for liabilities arising from operating a vessel, such as damage to other vessels or property, pollution, and injury to crew or passengers.

  • Marine Liability Insurance: Covers legal liabilities for third-party bodily injury or property damage arising from maritime operations.

MARINE INSURANCE FAQs

  • Marine insurance is essential for a wide range of businesses and individuals, including:

    • Shipowners and operators

    • Cargo owners and freight forwarders

    • Shipyards and repair facilities

    • Port authorities and terminal operators

    • Yacht and boat owners

  • The cost is influenced by factors like the type and value of the vessel or cargo, the age and condition of the vessel, the voyage route, the experience of the crew, and the level of cover required.

  • Hull and Machinery insurance covers damage to the vessel itself, while P&I insurance covers liabilities to third parties.

  • Yes, many marine insurance policies include cover for losses arising from piracy and other maritime security threats.

  • General average is a principle in marine insurance where all parties involved in a sea voyage proportionally share the cost of losses incurred to save the vessel or cargo from a common peril.

Clyde Brokers is an Appointed Representative and member of Eleven Network. Being part of a network which includes many specialist brokers, gives us the ability to provide our clients access to competitive rates and quotes to suitable insurers to meet our client’s needs. In some cases, this may mean referring our clients within the network in order to provide them with competitive rates and quotes.