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Whether on land, on rivers and canals, or on the high seas: Anyone who sends their goods out for delivery needs to be sure that every possible precaution has been taken.

This also includes optimal insurance coverage, precisely adapted to the specific requirements of different goods and different modes of transport.

We, the Marine Assekuranz team, help you to find insurance coverage that is perfectly customized to your needs - at the best possible price. We know the market, we understand the industry's dynamics, we have excellent contacts with insurers worldwide, and we provide advice with passion.

Protection & Indemnity (P&I) Insurance

P&I (Protection and Indemnity) insurance is a comprehensive liability insurance for damages to third parties.

P&I insurance covers the insured's legal liability arising from ship operations, in particular:

Optional for yachts

Whether on land, on rivers and canals, or on the high seas: Anyone who sends their goods out for delivery needs to be sure that every possible precaution has been taken.

P&I insurance coverage complements the risk coverage range covered by marine hull insurance. For this reason, detailed risk analysis and coordination with the hull insurance are imperative for creating a comprehensive, individualized coverage concept.

There are two types of P&I insurers: One group consists of the P&I Clubs, which are committed to mutuality, and the other group, whose number has increased steadily in recent years, consist of providers offering P&I insurance against fixed premiums.

Hull und Machinery Insurance

As part of transport insurance, hull insurance provides coverage for financial interests in the ship.

The insurance covers the ship, its accessories, and equipment against total loss and partial damage caused by perils of the sea (such as damage to the ship and the machinery) and general average contributions and collision damages (compensation to third parties).

The underlying contractual framework is tailored and adjusted to meet the individual needs of the clients. The insurance is placed in national and international insurance markets.

Charterer's Liability Insurance

Charterer's Liability (TCL) insurance is a protection and indemnity insurance.
Charterer liability insurance is protection and indemnity insurance for the charterer, which arises from the risks of the charter contract, such as collision damages to the ship, personal injuries, damage to third-party cargo, wreck removal costs, contamination damage, penalties, etc.

This insurance differentiates between time charter and voyage charter insurance.

War Insurance

War Insurance

or damage to the vessel caused by acts of war. This also includes damage caused by remnants of previous acts of war, terrorist attacks, riots, uprisings and piracy.

However, war risk insurers also exclude particularly high-risk sailing areas—designated as "Listed Areas" (http://www.lmalloyds.com/jointwar)—from standard war risk coverage. The insurer must be notified in advance of entering these exclusion zones in order to maintain insurance coverage.

War insurance should also include cover for the daily indemnity of the loss of hire insuranceagainst piracy, since piracy risks are is excluded from conventional loss of hire insurance.

Increased Value / Disbursements Insurance

Increased Value/Disbursements insurance covers various interests of the shipowner that go beyond hull insurance, for example, total loss, consumables, and freight.

Marine Trade Disruption Insurance (TDI)

Marine Trade Disruption Insurance (TDI)

Politically motivated acts and the risk of strike are not covered by hull and loss of hire insurance.

Depending on the chosen scope of coverage, strike insurance covers potential downtime during work stoppage caused by strikes or technical problems on land.

This coverage can also be extended to the time lost as a result of collisions and damage to machinery, which is an ideal complement to conventional loss of hire insurance.

Crew Insurance

Crew insurance covers the claims brought against the shipowner or the crew manager by crew members on the basis of their employment contracts.

Freight Demurrage & Defence (FD&D) Insurance

FD&D Insurance is legal protection insurance which covers lawyers' fees and court costs for a variety of legal proceedings. These legal costs are generally not covered by marine hull or liability insurance.

These legal costs are generally not covered by either comprehensive or P&I insurance.

Among other things, FD&D insurance covers the costs of defending or enforcing claims in disputes on the basis of the following contracts:

This insurance covers the costs arising from disputes relating to operation of the ship, but not the damage itself.

Yacht Insurance

We offer a special insurance package for large yachts which we have specifically designed for the requirements and demands in this premium sector.

This applies mainly to Hull & Machinery, P&I insurance, passenger insurance and crew insurance.

These are the insurance segments generally offered within the scope of our Yacht insurance packages:

Our yacht insurance concept of course also includes cover for dinghies, toys and water sport activities.

Kidnap & Ransom (K&R)

In recent years, piracy attacks on ships, particularly in the Gulf of Aden and the West African region, have increased significantly.

In addition to securing the ransom payment, customized K&R insurance for shippers enables insurance of the loss of the ransom on the way to handing it over, consultation costs, crew support, etc.

It is possible to offer insurance coverage for individual trips as well as annual coverage.

Loss of Hire (LOH) Insurance

The economic risk is immense if a ship , due to a loss, is not able to generate revenue for weeks or even months.

This loss of use is not usually covered by comprehensive insurance, but can be covered by a separate Loss of Hire or Trade Disruption Insurance (TDI).

This financial risk can be largely covered by a customized Loss of Hire insurance policy that provides agreed daily compensation for a fixed period.

Difference In Conditions Coverage / Machinery Breakdown Insurance

Coverage for the difference in conditions (machinery breakdown insurance) is provided on the basis of the DTV-ADS 2009 (hull insurance).

as well as the special conditions for the mechanical equipment of seagoing vessels. Insured items include machinery such as, in particular, couplings, gearboxes, shafts and propellers, and auxiliary equipment.

Thus, the "machinery breakdown insurer" provides compensation for damage to machinery installations once an insured event—or damage to the machinery installations—has been acknowledged under the machinery insurance policy.

Thus, the difference of conditions cover (machinery breakdown insurance) can significantly reduce the owner’s share (deductible) of the machinery claim under the Hull policy.

Transport Insurance

Transport insurance primarily refers to classic goods-in-transit insurance.

Sie ist wichtiger denn je bei den immens zunehmenden Warenströmen rund um den Globus.

Die Transportversicherung deckt alle Gefahren der Beschädigung oder des Verlusts während der Beförderung und Lagerung, ob in der Luft, zu Wasser oder auf dem Lande. So sind Sie versichert

Shipyard insurance

Shipyard insurance is a specialized type of insurance for shipyards and maritime businesses. It protects against financial risks that may arise during the construction, repair, conversion, or maintenance of ships.
Typical components are:

Additional insurances

Performance Bond

The Performance Bond guarantees the beneficiary the proper fulfilment of the contractual obligations by its contracting party. Should the contractor fail to perform, or fail to perform in accordance with the contract, the beneficiary can call on the bond up to the agreed guarantee amount.
The Performance Bond is used, among other things, for:

In particular, we support clients from the offshore and energy sector – such as wind farm operators, developers, CTV operators (crew transfer vessels) and contractors involved in grid expansion – in securing their contractual obligations towards principals and grid operators.

The bond does not replace the contractual performance itself, but covers the financial consequences of defective or non-performance up to the amount of the guarantee. Beyond this, we also arrange any other type of guarantee or surety bond – such as advance payment, warranty, bid or customs bonds.

Refund Guarantee

The Refundment Guarantee secures the pre-delivery instalments which the buyer of a newbuilding pays to the shipyard during the construction period. If the yard cannot deliver the vessel in accordance with the contract or cannot repay the instalments received, the buyer is reimbursed the instalments plus the agreed interest.

The cover responds to the financial consequences of commercial risks, such as:

On request, the cover can be extended to political risks in the country of the yard – and, where required, of the buyer. The pre-delivery instalments then remain protected even where delivery or repayment is prevented by state action, for example:
The guarantee protects the buyer's capital tied up during the building period and is regularly a precondition for financing newbuilding projects. It secures the repayment of the instalments, not the completion of the vessel itself.

In addition

We and our partners are at your disposal at any time.

In addition to the aforementioned risks, our cooperation with the MARTENS & PRAHL Group allows us to cover almost any risk.

Cash in Transit (GWT) Insurance

A specialized branch of transport insurance that provides coverage for professional cash-in-transit and valuables transport companies.

This insurance policy is individually tailored to the specific needs following a detailed risk analysis. Insurance coverage is limited to the physical loss, destruction, or damage of property.