Specialty Lines
Aviation Insurance
This policy is designed to provide cover for aircraft, and for damage, injury, or loss of life or cargo while travelling on aircraft.
It will cover accident and liability risks, as well as hull damage, connected with the operation of aircraft.
Marine Insurance
Marine insurance is essential to protect your cargo in transit in the event of unexpected and unforeseeable risks and situations, which may lead to the loss or damage of it while in transit via air, sea or land transport.
The marine hull policy covers your vessel or fleet of ships against risks on the sea or other covered risks while the vessel is in transit via water ways.
This policy has a provision for collision liability which protects the owner of the vessel against legal liability which may arise out of the owner’s vessel colliding with another ship and damaging its The policy can also be extended to cover legal liability arising out of bodily injury or death, or property damage to fixed installations. If you wish to get insurance against this kind of liability, you will need to purchase a protection and indemnity coverage.
Oil & Gas Insurance
The oil and gas industry is constantly evolving – and so are the exposures. From drilling operations to service contractors to manufacturers of related parts and products, there are unique risks at every stage of the process.
Oil & Gas Insurance offers a comprehensive protection against risks caused by oil & gas activities like offshore/onshore risks, rigs, pipelines, Oil Tankers Insurance and Operators Extra Expense Insurance among others.
This poly protects all stakeholders against the financial consequences of unforeseen circumstances like accident which may lead to loss/damage of properties, injury to workmen.
Bond
A bond is a guarantee by one party (the surety or guarantor) to another party (the person requesting for the bond) that a third party (the person/company applying for the bond) will meet its contractual obligations. It is not an insurance policy in the true sense of the word, but essentially a form of financial agreement.
There are various types of Bond. They are
– Performance Bond
– Advance Payment Bond
– Bid/Proposal Bond
– Shares Indemnification Bond
– Customs Bond