Live Webinar – Marine Kidnap & Ransom and Crew PA

What you will learn

• K & R
• Overview of the piracy situation currently
• Where it is happening (using IMB data)
• Different style of piracy in different parts of the world – and practical implications for all parties 
• Expectations of insurers for example using BMP5/BMP GoG
• Other options for paying ransoms
• Cover under hull and cargo policies including the use of GA
• Perspective of the P & I insurers in relation to ransoms for crew
• Basic concept of K & R insurance in general terms – and what marine K & R offers clients
• Overview of an example marine K & R/extortion policy
• Crew PA
• Refresh on PA insurance generally, benefits policy, can be purchased by individuals or by trade bodies/employers 
• Schedules of benefits – accident/illness or both including disability and death
• Reminder of how P & I covers liability for death and injury to crew – legal or under employment contracts/CBAs
• But is limited to those incidents which occur in relation to the operation of an entered ship
• How Crew PA has different triggers and does not require link to operation of the ship so will pay out in wider situations
• How both P & I and Crew PA policies could pay out in certain situations
• What underwriters will be considering in relation to these risks