The ONE Marine Commercial Hull Policy is designed to cover the vessel against varying degrees of material loss, ranging from restricted cover against total loss only, to wider cover, which can even include the breakdown of machinery.
Target Market
- Small commercial fishing vessels to large fishing companies
Key Benefits
- Cover as defined by internationally accepted conditions, like the Institute Time Clauses (Hulls) and the Institute Fishing Vessel Clauses
- Cover for increased value and disbursements, in addition to underlying hull cover
- Liability cover inclusive of collision cover, as well as limited protection and indemnity (P&I) liability cover, if required
Specialist Features
- We have a claims and underwriting team with extensive experience in both the South African and Namibian hull insurance markets
- The cover is flexible, enabling us to design a tailor-made solution for the client