Insurance Products

Marine Cargo & Marine Equipment Insurance

Marine Cargo insurance

The Tokio Marine Group is recognised as one of the world's largest cargo insurers with experience dating back to 1879. Our team of experienced underwriters has developed a unique insurance product designed specifically to meet the demands of marine cargo insurance buyers.

The key benefits of this product include:

• Comprehensive all-risks coverage
• Capacity for marine and transit of up to US $40m
• Ability to provide coverage for all territories worldwide, without exclusion
• Flexible underwriting and pricing
• Bespoke product providing cover for goods in transit by ocean, road, rail and air
• Cover available for goods in storage
• Inclusive cover for goods at exhibitions, and in company vehicles up to a maximum
  of £50,000 per show and £10,000 per vehicle
• No-claims bonus available
• Access to Risknet, our risk management toolset providing the ability to review
  survey reports and monitor potential risks
• Electronic self-issue certification
• Specialist underwriting expertise from one of the world's largest cargo insurers
• Worldwide network of claims settling agents
• Cargo10 an online quote, rate and bind facility for UK domiciled Assureds

Marine Equipment insurance

Our team of experienced underwriters has developed a unique insurance product designed specifically to meet the demands of marine equipment owners and operators. Whether onboard a vessel, on dry land or operating overside, Tokio Marine Europe Insurance Limited's marine equipment policy combines exceptionally broad coverage with a flexible approach to pricing.

The key benefits of this product include:

• Worldwide comprehensive all-risks coverage for all equipment owned or operated
• Loss or damage to equipment due to piracy
• Flexible underwriting and pricing to cater for utilisation and geographic location
• Automatic coverage for additional equipment during the policy period (up to 25% of the total inventory value)
• 24/7 coverage – protects equipment in storage, in transit, onboard vessel or in operation
• Collision liability cover up to a maximum aggregated value of £250,000
• Coverage for equipment at exhibitions or events up to a maximum of £100,000 per show
• Loss of revenue coverage following damage or loss of equipment up to a maximum aggregated value of £50,000
• Coverage for continuing hire charges following loss or damage to equipment up to a maximum aggregated value of £50,000
• No-claims bonus available

Covering your needs
This product suits owners and operators of the following types of equipment:

• Remotely Operated Vehicles (ROV) and Autonomous Underwater Vehicles (AUV)
• Oceanographic survey equipment excluding streamer operations
• Trenchers and ploughs
• Dive bells and hyperbaric chambers
• On vessel fixed equipment not covered by a hull insurance policy
  (cranes, decompression chambers, etc)

Please see our eTrade Products page for further information.