INSURANCE NEED AND EXPOSURES

We specialize in procuring tailor made Insurance risk solutions to companies as well as re-insurance solution to local insurers. We have to access to both Lloyds and world-wide market. 

Our Consultants have worked with reputed international law firms in London advising their clients on a host of marine and insurance related issues.

MSL with its Lloyds broker associates, is ideally placed in partnering with our clients to gain a comprehensive understanding of their specific insurance need and exposures in order to deliver the best possible insurance program for them.

Below is a brief overview of the type and scopes of covers that we can are currently assisting our clients with.

1. Marine Cover: P&I, H&M, Charterers Liability Cover, Cargo Insurance, Marine Liabilities and Ancillary Marine Insurance Covers.
2. Marine Liability Classes: Legal Liabilities, Ship Repairers Legal Lability, E&O Liability, Crew Liability Insurance, Freight Forwarders Liability Insurance, Marine Professional Indemnity Cover etc.
3. Ancillary Covers: War Risk, Kidnap & Ransom, Loss of Anticipated Freight (for Charterers or Owners), Loss of Hire, Bunker Insurance, Trade Credit Insurance, Container Insurance (for lessors or lessees), Marine Rejection Insurance, Strikes and Delay Insurance etc.
4. Offshore Liability Cover: Drilling and Production, Specialist Cover, Salvors Extension and Contractual Liability Cover including specialist marine and non-marine covers for personal and equipment.
5. Non Marine Cover: Credit Insurance, Project Finance Insurance, Performance Bond insurance, Physical property insurance etc.

Further to the above, MSL works very closely with a specialist Lloyd’s underwriter who writes business relating to Logistics, Multimodal Transport, Project cargoes, Warehousing covers, Professional Indemnity cover for their business.

Additionally, we are we have set up a tailor made cover for our Demolition clients where we are working with both A+ rated H&M Underwriters and P&I Clubs to provide our clients a superior and competitive cover for their demolition voyages. Additionally, we are also working our clients on the below;

Commodity Broking:

We are currently working on multiple enquiries with our clients who are sellers of various commodities i.e. Indonesian Coal, Sunflower Oil, Soya bean Oil, Palm Oil and other commodities. We actively assist them in sourcing out genuine buyers as well as assist them with managing their operational, contractual and insurance risk.    

Insurance and Risk Advisory Consultancy: 

We are currently assisting clients (Ship –owners, Ship-Managers, Banks, Re-structuring Consultants) in managing their operational and insurance risk. In many of the projects we are bought into, we act as the Owners In-house Insurance and Risk Advisor/Representative ensuring that owners’ interest fully protected.

We assist the owners in managing their operational and insurance risk and act as the owners Designated Insurance and Risk Point Person internally, effectively the owners in-house insurance risk department. We assist the owners in dealing all Insurance coverage issues i.e. liaising with their insurance brokers on various required covers ensuring that owners are comprehensively covered. Broadly we assist the owners in;

1.  Management of Risk

2.  Time Management

3.  Costs Management  Premiums or Otherwise.