Seacurus has developed effective insurance cover to protect shipowners from the scourge of marine piracy and is now the single largest provider of marine kidnap and ransom insurance premiums to the insurance market. Seacurus works with a network of over 25 marine retail producing brokers spread throughout the world.
Marine K&R insurance is triggered by a ransom demand. Once triggered the insured is provided with the immediate assistance of a dedicated team of ransom negotiators, the costs of which under the established policies are unlimited, meaning the negotiators will assist the insured to achieve the best possible outcome regardless of how long this may take. They are there to protect the lives of the crew, mitigate the period of seizure and the associated financial losses.
So, what are the "Key Features" of this insurance?
Scope of Cover:
Authorised and regulated by the Financial Conduct Authority, refernce no. 582862