Risk Management, Marine

RISK MANAGEMENT

Marine

Experts in marine hull, cargo, and liability risks.

Peace of mind

Lockton’s Marine specialists offer a wide range of services, and we design insurance solutions for all types of marine hull, cargo and liability risks.

As a Lockton client, you will have the security and peace of mind expected from a company that enjoys well-established relationships with the world’s leading maritime insurers, including Lloyd’s underwriters and leading Protection & Indemnity Clubs.

Our services

Marine hull

Our experienced team works closely with a wide range of clients, including ship owners and operators, charterers, marine contractors, equipment lessors, institutional investors, port authorities, terminal operators, marina operators, owners of super yachts, ship builders and ship repair yards. You benefit from the expertise of our Marine specialists in:

  • Hull & machinery

  • Hull interests/increased value/freight

  • Loss of hire/Loss of revenue/Trade disruption insurance

  • Protection & Indemnity

  • Freight demurrage and defence

  • Charterers liability

  • Marine general liability

  • Bumbershoot liabilities/marine umbrella/excess liability

  • Port Authority/terminal operators liabilities including wharfingers/stevedores liability

  • Port Authority/terminal operators property, equipment and business interruption

  • Marine employers liability and U.S. longshoreman and harbour workers

  • Builders risks insurance/ship repairers liability

  • War and terrorism cover

  • Yacht insurance

  • Mortgagees interest/mortgagees additional perils

  • Professional indemnity for the maritime industry

Cargo & Logistics

Our Cargo & Logistics specialists are leaders in their field. You benefit from their experience in dealing with all aspects of cargo insurance coverage, including:

  • Guaranteed outturn for bulk liquids and cargoes

  • Bailees liability

  • Land-based oilfield equipment

  • Motor truck cargo

  • Carrier's legal liability

  • Primary stock

  • Contamination of food and beverages

  • Project cargo including delay in start up

  • Commodities

  • Stock throughput

  • Strikes expenses

  • Deterioration of perishable goods

  • Sub-sea and offshore equipment

  • Excess stock

  • Terrorism and political risks

  • Fine art dealers and Exhibitions

  • Trade disruption

  • Global transit risks

  • Warehouseman’s legal liability

  • Governmental rejection

  • War and strikes risk

Latest news & insights

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2024 Lockton National Benefits Survey

2024 Lockton National Benefits Survey2024 Lockton National Benefits Survey

D&O insurance in focus amid new SEC climate disclosure rules

After two years of public commentary and debate, the Securities and Exchange Commission (SEC) finally adopted new climate disclosure rules last month. While the rules are being challenged in court, they could present significant liability for public companies once they are required to comply, starting as early as next year — which means companies should begin preparations now.After two years of public commentary and debate, the Securities and Exchange Commission (SEC) finally adopted new climate disclosure rules last month. While the rules are being challenged in court, they could present significant liability for public companies once they are required to comply, starting as early as next year — which means companies should begin preparations now.

Responding to continuing adverse loss development in liability

In October, Lockton examined an important question for commercial insurance buyers: Why are liability rates continuing to rise?In October, Lockton examined an important question for commercial insurance buyers: Why are liability rates continuing to rise?
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