PIRACY

Due to a significant increase in the number of worldwide piracy incidents, more and more ship owners and operators are seeking specific insurance protection against these attacks. There is a lack of clarity in the marine insurance market as to the extent of cover in place in the event of piracy which is of concern to those exposed to this peril.

Special Contingency Risks Limited (‘SCR’) has teamed up with Maritime & Underwater Security Consultants Limited (‘MUSC’) to offer ship owners a groundbreaking and exclusive policy which protects their assets, and if the worst happens, helps to recover them.