Marine
Professional
Indemnity
We have combined our experience as
one of the largest and most respected
marine insurers in the Lloyd’s market
with our expertise as a leading insurer
of professional indemnity risks, creating
a policy focused exclusively on the needs
of marine related professionals.
Marine
Professional
Indemnity
Beazley’s Marine Professional Indemnity Insurance
policy protects a wide range of organisations involved
in marine trade and in shipbuilding – from marine
surveyors to shipyards – against financial liability arising
from a breach of their professional duties committed
in the conduct of their business. It also covers the
costs and expenses of defending such claims.
These risks are growing in scale and complexity and
the importance of robust professional liability cover
is growing proportionately. If a third party suffers
loss or damage as a result of a mistake made by
a professional or the failure to exercise the required
skill in providing a professional service, the financial
consequences can be devastating.
Target
We protect the interests of professionals including:
• Average adjusters
• Bunker brokers
• Classification societies
• Collateral managers
• Crew agents
• Crew managers
• Cruise line agents
• Customs clearance agents
• Designated persons (ISPS)
• Forwarding agents
• Freight brokers
• Hydrographic surveyors
• Offshore consultants
• Lloyd’s agents
• Loss adjusters
• Managers of P&I clubs
• Marine chemists
• Marine consultants
• Marine engineers
• Marine pilots
• Marine registries
• Marine surveyors
• Naval architects
• New building supervisors
•Oceanographers
• Owners pre-delivery crew
• P&I club correspondents
• Ship pool managers
• Ship agents
• Ship brokers
• Ship managers
• Ship yards
• Transport project designers
• Truck brokers
• Yacht brokers
• Yacht managers
Scope of cover
Intellectual property rights
Negligence, errors and omissions
Unintentional infringement by the Insured of any
copyright, trademark, registered design, patent,
plagiarism or breach of confidentiality.
Any mistake made while carrying out the insured
services, provided it is not a deliberate or reckless
act of the insured.
Third party liability
Non-contractual liability for physical loss of or
damage to third party property and consequential
loss resulting from such loss or damage, including
liability for death, bodily injury or illness.
Breach of warranty of authority
Exceeding the authority given to the insured by
their principal.
Unintentional principal
Legal responsibility under local law for the liabilities
of the insured’s principal.
Claims by an authority
Legal liabilities imposed by a public or governmental
authority in respect of fines, penalties and duties.
Claims expenses
Fraud by an employee
Territories
Dishonest, fraudulent, criminal or malicious act
or omission by any employee of the Insured.
Worldwide
Loss of documentation
Legal liability arising from the loss of any documents
in the insured’s care or control.
Defence and investigation costs.
Contact
marineliability@beazley.com
Libel and slander
By reason of words written or spoken by the insured.
www.beazley.com/marine
www.beazley.com/politicalcontingency
CBMR014_UK_11/13
For more information go to
www.beazley.com/marine
Beazley Group
Plantation Place South
60 Great Tower Street
London EC3R 5AD
United Kingdom
T+44 (0)20 7667 0623
F+44 (0)20 7674 7100
The descriptions contained in this communication are for preliminary informational purposes only. Coverages are underwritten by Beazley syndicates at Lloyd’s and will vary depending on individual
country law requirements and may be unavailable in some countries. The exact coverage afforded by the products described in this brochure is subject to and governed by the terms and conditions
of each policy issued.
Beazley Solutions Limited and Beazley Limited are service companies that are part of the Beazley Group. We have authority to enter into contracts of insurance on behalf of the Lloyd’s underwriting
members of Lloyd’s syndicates 623 and 2623 which are managed by Beazley Furlonge Limited. Beazley Solutions Limited is an appointed representative of Beazley Furlonge Limited which is authorised
by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK (ref 204896) in its capacity as insurer. Beazley Limited is authorised
and regulated by the Insurance Authority of Hong Kong as a member of Lloyd’s.
www.beazley.com/marine