Shoreside Property policy details
Shoreside Property Insurance provides broad coverage of property and listed equipment, anywhere in the world.
Our standard Shoreside Property Insurance policy cover includes:
- Per Property Limit – US$ 20,000,000
- Per Equipment Limit – US$ 20,000,000
- Business Interruption Limit – US$ 10,000,000
The policy has an overall maximum Combined Single Limit Loss of US$ 30,000,000.
Optional third party limits
- Third Party Liability (Marine General Liability): Clients have the option to extend coverage to package together the Physical Damage, Business Interruption and Third Party Liability risks:
- For US domiciled risks: Limits of US$ 1m per occurrence, US$ 2m in the Aggregate for all losses, other than in respect of products and completed operations which limited to US$ 1m in the aggregate.
- For risks domiciled outside the USA: Limits of up to US$ 25m per occurrence.
Each policy can be tailored to meet the specific needs of the client, often underwritten under the guidance of the client’s broke