Protect Your Business Against Chartering Risks
Chartering a vessel comes with a range of responsibilities and potential liabilities. From cargo loss and vessel damage to claims involving crew, passengers, or third parties, unexpected incidents can result in significant financial exposure.
Our Charterers’ Liability Insurance solutions are designed to help protect charterers against covered liabilities arising from the operation and use of a chartered vessel.
Charterers’ Liability Coverage
Cargo Liability
Protection may be available for certain liabilities arising from loss of or damage to cargo carried aboard a chartered vessel.
Damage to Hull
Coverage may help protect charterers against liabilities for physical damage caused to the chartered vessel under circumstances covered by the policy.
Third-Party Liability
Protection against certain claims involving third parties, including property damage or bodily injury arising from covered chartering operations.
Crew & Passenger Liability
Coverage may be available for certain liabilities involving crew members, passengers, or other individuals connected with the vessel’s operations.
Pollution Liability
Depending on the policy, coverage may be available for certain pollution-related liabilities resulting from an insured event.
Legal & Defense Costs
Policies may provide coverage for eligible legal expenses and defense costs associated with covered claims.
Managing the Risks of Vessel Chartering
Whether operating under a voyage, time, or other charter arrangement, charterers may face contractual and legal responsibilities throughout the charter period.
Having appropriate Charterers’ Liability Insurance can help businesses manage these risks and reduce the potential financial impact of covered claims.
Why Consider Charterers’ Liability Insurance?
- Helps protect against covered chartering liabilities
- Protection for certain cargo-related claims
- Coverage options for damage to chartered vessels
- Third-party liability protection
- Potential coverage for pollution-related risks
- Legal and defense cost protection where applicable
- Solutions tailored to specific chartering arrangements
Navigate Your Chartering Responsibilities with Confidence
Every charter arrangement carries different responsibilities and exposures. Our Charterers’ Liability Insurance solutions can help provide protection based on your vessel operations, contractual obligations, and specific risk requirements.
Let us help you explore suitable coverage for your chartering operations.
Request a Quote Today
Coverage, limits, deductibles, exclusions, and availability are subject to the terms and conditions of the applicable insurance policy.
