Provided by Specialty Group

Maritime Piracy

Provides cover for single vessels or fleets that specifically addresses the main piracy exposures face by the maritime industry.

Overview

Maritime Piracy continues to grow abroad and poses a significant and real threat to shipowners and their crews worldwide. Effectively managing Maritime Piracy crises is essential to protecting the life and well-being of the crew and an organization’s assets. That is why Tokio Marine HCC has built a Maritime Piracy product for single vessels or fleets that specifically addresses the main piracy exposures faced by the maritime industry.

Best for

  • Ship Owners
  • Ship Managers
  • Charterers of Vessels
  • Yacht Owners

Highlights

  • Capacity: Up to $50 million or currency equivalent
  • Policy periods up to 36 months
  • 24-hour crisis hotline

  • Immediate access to Unity Advisory Group’s consulting services across a variety of topics relating to security and executive protection

  • Worldwide coverage
  • No minimum premium requirements

Summary of coverage

  • Maritime Piracy insurance provides coverage against the financial loss that can arise when a ship’s crew and/or vessel is seized or detained for ransom. Tokio Marine HCC’s Maritime Piracy policy protects a shipowner against numerous expenses that may not be covered under other insurance policies. We provide worldwide coverage for perils including kidnapping and illegal seizure. The financial benefits of this coverage included payments of ransom, legal liability, surrendered personal belongings, and loss of hire. Another key feature of our coverage is providing clients unlimited fees and expenses for crisis response and 24/7 access to a leading crisis management firm, Unity/On Call.

Get in touch
Contact photo
Bert Van Wagenen

USA - Sr. Vice President, Specialty Underwriting

Danielle B
Danielle Bouchard

USA - Vice President of Kidnap & Ransom, Americas (KRA)

Scott La Croix
Scott La Croix

Canada - Vice President, Head of TMHCC Specialty Canada Operations

Documents & forms

Your team

Directory
Branch office

37 Radio Circle Drive
Mount Kisco, NY 10549

(914) 241-8900
Contact photo
Bert Van Wagenen

USA - Sr. Vice President, Specialty Underwriting

Danielle B
Danielle Bouchard

USA - Vice President of Kidnap & Ransom, Americas (KRA)

Scott La Croix
Scott La Croix

Canada - Vice President, Head of TMHCC Specialty Canada Operations

why choose tmhcc

Why choose Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.

More about us Financial strength

Not all products, coverages, or features may be available in all states.; Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds. California Non-Resident Producer License Number: 0A96565