An efficient and simplified solution for the marine market. Optio offer a one stop shop for War and Piracy Perils for shipowners, operators and charterers.
We recognise the need for simplified, accessible and immediate insurance solutions for vessels operating in high risk areas. Harnessing technology through our online platform, we will provide our clients with direct access to competitive quotes, coverage and policy documentation 24/7.
We recognise the need for simplifying the way insurance is transacted for those operating vessels or trading in the marine sector. Whether it be an annual or a single transit policy, we are here to help you easily access cover and to ensure you and your assets are always protected.
1. Marine War
- War Risks conventional cover (ITC, Nordic and American wordings)
- Single transit breach cover and annual worldwide policies
- USD 125m limit with additional capacity for P&I up to the Hull Value (additional limits available on request)
- War Loss of Hire
- Standalone Charterers War P&I USD 125,000,000
2. Kidnap and Ransom / Piracy
Marine Kidnap and Ransom plus Piracy Loss of Hire.
Additional limits available on request.
- Ransom (USD 10m)
- Loss in transit (USD 10m)
- Additional expenses (USD 10m)
- Legal Liability (USD 5m)
- Personal Accident (USD 1m)
- Piracy Loss of Hire (USD 10m Standalone)
- Standalone Piracy Loss of Hire (USD 10m)
- First class response consultants Crisis24, a Gardaworld Company.
3. Standalone Piracy/War Loss of Hire
Covers the charterers liability for the first 90 days off hire under standard BIMCO charter party.
4. Kidnap and Ransom (Corporate & Family cover)
- Limits up to USD 50 million
- First class response consultants Crisis24, a Gardaworld Company.
Other coverages available upon request.
Claims
We offer a first class Claims service in conjunction with our capacity partners and market-leading vendors.
Crisis 24
Crisis 24, a Gardaworld company are the market leading specialists in managing piracy situations with extensive resources to cater for incidents of this nature.
Our policy provides unlimited response consultant fees for their immediate response which can be accessed through a 24/7 hotline provided to policyholders.
Do you have a question about our Marine War and Kidnap and Ransom product?
