Physical loss or damage cover for all types of vessels.  All levels of cover are adapted to the client’s requirements including some more unusual insurances that are available such as Voyage / Tow (including break up), Freight – annual or per voyage, War and Strikes, Loss of Hire and Contingency insurance.

Protection and Indemnity covers the owner for liabilities arising out of the management or navigation of a vessel. The scope of cover available is detailed in each companies terms and conditions or their individual rulebooks, but generally, this comprises of:

• Injury, illness and death of crew
• Passengers and stevedores
• Repatriation of crew and substitute expenses
• Diversion and other expenses incurred in landing refugees, sick persons and stowaways
• Collision liability and excess collision liability
• Pollution by oil or other substances
• Property damage
• Towage contract liabilities and liability under other contracts and indemnities
• Cargo loss, shortage and damage
• Unrecoverable general average contributions
• Salvor’s expenses under the 1980 Lloyd’s Standard Form of Salvage Agreement
• Fines
• Certain legal and other costs
• Wreck removal
• Excess War Risks liability

SOL insurance covers a shipowner’s liabilities arising under a contract of carriage where they normally would have cover, but do not because a breach of that contract deprives the shipowner of the ability to rely on rights or defenses that they would otherwise have. In addition, SOL insurance may cover certain liabilities that fall outside of the standard P&I conditions.

Examples where this may arise carriage of cargo under contracts that are carried on elected terms less favourable than:

• Hague-Visby Rules or the U.S. Carriage of Goods by Sea Act
• Geographical or other deviations under the bill of lading, Ad valorem cargo or other valuable cargo (such as cash or gold)
• On deck cargo with under-deck bills of lading
• Cargo being carried on vessels not named in the bill of lading
• Dry docking with cargo on board
• Cargo being transhipped or lightered
• Cargo being stored on lighters before or after discharge
• Extended storage of cargo in a warehouse before or after carriage and other such situations.

• Loss of Hire
• Strikes Insurance
• Trade Disruption

Protecting assets, expenses and liabilities of the energy sector for clients involved in power generation and utility companies, drilling and service contractors, exploration and production companies, refining and petrochemical operators, transmission and distribution.

Cover provides for:

• Physical loss of or damage to property
• Operators’ extra expenses / control of well / re-drilling
• Offshore construction & decommissioning
• Onshore construction & decommissioning
• Machinery breakdown and business interruption
• Consequential loss (business interruption / loss of production or delay in start-up)
• Contingency coverage
• Liabilities (primary and excess)
• Protection and indemnity
• War
• Terrorism and political risks
• Cargo& transportation
• Construction builders’ risks
• Contractor’s plant & equipment
• Food spoilage (for the biofuels /agro-products’ markets)

AqM has expertise in upstream energy, downstream energy (including renewables and power), casualty, property and construction.

Protects against unexpected events including weather, fire and mechanical and electrical breakdown events that may damage your property or ability to generate power.

Physical Damage from weather related events to human error, we provide comprehensive coverage for damage to your physical assets during the ongoing operations. We understand the need to act quickly to repair the damage and get your operation up and running.

Mechanical & Electric Breakdown, sudden and unforeseen failure or breakdown of mechanical or electrical equipment during day to day operations.

Business Interruption coverage compensates for income lost due to the interruption of power generating activities, including PTC and REC considerations. Contingent Business Interruption coverage for loss of earnings of your project if a supplier, business, sub-contractor, key customer or manufacturer cannot continue to operate because of damage or destruction.

AqM works to understand the broad financial landscape before making recommendations for a specific solution. We explore potential opportunities as well as the challenges at hand. Then we work through the data adopting an analytical approach to develop a comprehensive view of the risk and the best way to transfer it in line with the required goals and objectives.

In addition to the standard insurance programmes we are able to offer a range of contingency covers which may provide protection against more specific exposures. Examples of these would be: adverse weather, financial loss and cancellation and abandonment due to terrorism.

AqM provides at 24 hour helpline to assist to assist you in the event of suffering a loss. This is considered to be a very important part of our service and we aim to provide our client with help and support from first advice of loss through to settlement.  We also have several contacts in the salvage industry so we are able to provide you with immediate assistance in this regard (see section on claims successes).

AqM can help manage your business risks and has extensive experience in developing solutions to minimise your exposure in the areas of both company operations and strategies. We can assist you in ensuring that you are compliant with ever changing legal requirements and that risk management strategies are deeply entrenched into your business planning.