War Risk and Kidnap & Ransom

The Club can now offer its Members cover for Hull War and P&I War risks, including cover for piracy, and Kidnap & Ransom (K&R). These covers are offered to complement Members’ mutual P&I entries and provide streamlined service in the event of a piracy, seizure or war event.

Cover Highlights

Hull War and underlying P&I War:

• On market equivalent terms and rates
• Including loss of hire
• Including increased value 
• Cover in breach areas at market comparable prices.

K&R:

• Up to US$10 million per insured event
• Loss of ransom in transit - up to US$10 million per insured event
• Fees and expenses of consultants - unlimited per insured event

Additional expenses, including but not limited to:   

• Fees and expenses of independent negotiator    

• Fees and expenses of independent public relations consultant and/or interpreter

• Travel costs

• Crew wages

• Interest on loans raised to pay ransom

• Fees and expenses of security guards to protect crew after an insured event

• Cost of getting the ransom to the kidnappers

• Cyber Extortion extension cover ransom, expert fees and the costs of restoring data arising from a ransomware attack.

• Limits up to US$1 million available.