Loss of Hire | JLT Marine Business Interruption

JLT uses its wealth of experience to analyse our clients' needs and find the most appropriate cover for them.

There are two classes of coverage.

Physical Loss or Damage - the policy responds for time lost by the vessel, as a result of physical loss or damage, so long as the loss has resulted from an Insured Peril. Generally speaking the policy will cover against the perils enumerated in the vessel's Hull and Machinery Policy.

Extended Loss of Hire - this cover protects against events either onshore or onboard which have not necessarily caused damage to the vessel, but do nevertheless prevent the use of the vessel. Such as:

Strikes of crew or shore workers

Pollution

Illness and injury of crew or third parties ashore

Desertion and/or detention of crew

Stowaways

Piracy

These coverages are tailored to cover the differing exposures of Owners, Charterers, Managers and Financiers. JLT has strong relationships with all of the specialist markets who provide this coverage.

JLT Events

JLT host a range of events throughout the year. To find out more click below.

	17/08/2010	JLT Marine Division - Leading the way in Marine Insurance
	04/08/2010	Review of the Marine Hull Insurance market
	26/07/2010	Europe's leading independent insurance brokers announce a closer affiliation
	30/06/2010	IPT Bulletin - June 2010
	30/03/2010	New appointments strengthen JLT's Marine Division