The marine industry faces unique and complex risks, from ship damage to environmental liabilities. NGK Re Limited offers tailored solutions that protect your marine assets at every stage.
Coverage Areas:
- Hull and Machinery: Protects against physical damage to the ship’s hull and machinery.
- Protection & Indemnity (P&I): Coverage for third-party liabilities including crew injury, pollution, and wreck removal.
- War Risks: Includes protection against damage caused by war-related incidents, including cargo war.
- Loss of Hire/Earnings: Provides compensation for loss of income due to vessel downtime.
- Ship Seizure and Builders’ Risks: Protects against potential losses from shipbuilding risks or vessel seizure.
- Voyage Insurance: Covers vessels during delivery, relocation, or recycling trips.
- Marine Property: Coverage for marine assets, including ports and terminals.
- Crew Personal Accident: Protects crew members against accidents, offering compensation for injury or death.
Our marine solutions are designed to cater to industries such as shipping, ports, and offshore operations.
Cargo and Stock Throughput Insurance
We provide comprehensive coverage for every stage of the supply chain, ensuring that your goods are protected from production to delivery.
Industries We Serve:
- Auto and Aviation Parts: Protects high-value parts during transportation.
- Commodities: Coverage for both soft and hard commodities, from agricultural goods to metals.
- Construction/Project Cargo: Specialized coverage for large-scale construction projects, including project delays.
- Consumer Goods: Includes protection for clothing, electronics, and other high-demand goods.
- Food & Beverage: Covers perishable items, including chilled and frozen goods.
- Oil & Gas: Protects essential materials in the energy supply chain.
Areas of Coverage:
- Standalone Primary and Excess Storage: Protects inventory in storage facilities.
- Stock Throughput: Comprehensive coverage that combines cargo and inventory.
- Inland Marine and Ocean Cargo: Coverage for goods transported over land and sea.
- Project Cargo and Delay in Start-Up: Protects against delays in major construction projects and the associated costs.
NGK Re Limited’s cargo and stock throughput solutions are ideal for industries requiring seamless protection from start to finish.
