Concept Special Risks Claim Leaflet 2025

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The Italian merchants who introduced the practice of marine insurance in England were known as Lombards who took their name from the name of the street of London. It is believed that from them originated the word Polizza- i.e a promise- which is the etymological root of the expression Policy.
Marine insurance offers coverage for any damage or loss related to ships, cargo, terminals, transports, or transfer. Simply put, a marine insurance policy will cover any loss or damage surrounding the boat or watercraft.
All of our carriers hold a minimum of an A- AM Best (Excelllent) rating, providing much needed capacity to the yacht insurance space.
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Port risk is a type of coverage afforded a vessel that is laid up for an extended time period, normally in excess of 30 days.

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