Provided by Specialty Group

Maritime Piracy

Maritime Piracy continues to grow abroad and poses a significant and real threat to shipowners and their crews worldwide. Effectively managing Maritime Piracy crises is essential to protecting the life and well-being of the crew and an organization’s assets. That is why Tokio Marine HCC has built a Maritime Piracy product for single vessels or fleets that specifically addresses the main piracy exposures faced by the maritime industry.

Highlights

  • Capacity: Up to $ 50 million or currency equivalent
  • Policy periods up to 36 months
  • 24-hour crisis hotline
  • Immediate access to Unity Advisory Group’s consulting services across a variety of topics relating to security and executive protection
  • Worldwide coverage
  • No minimum premium requirements

Target Insureds

  • Ship Owners
  • Ship Managers
  • Charterers of Vessels
  • Yacht Owners

Summary of Coverage

Maritime Piracy insurance provides coverage against the financial loss that can arise when a ship’s crew and/or vessel is seized or detained for ransom. Tokio Marine HCC’s Maritime Piracy policy protects a shipowner against numerous expenses that may not be covered under other insurance policies. We provide worldwide coverage for perils including extortion, detention, hijacking, as well as kidnap and ransom. Benefits include not only ransom, but also a legal liability, surrendered personal belongings, and additional expenses such as medical expenses and lost salary. Another key feature of our coverage is providing clients unlimited fees and expenses for crisis response and 24/7 access to a leading crisis management firm, Unity/On Call.

Learn more about Unity Advisory Group

Unity is a leading and trusted international provider of security, risk, and crisis response services operating from a network of global offices. Unity’s crisis response leaders are full-time employees whose collective experience totals more than 1,420 led and supervised cases in over 70 countries by current team members, including the world’s most challenging locations. Unity places a strong emphasis on prevention and pre-incident planning and provides policyholders with a range of complimentary services to reduce their exposure to prevalent risks and threats.

Get in touch
Danielle Bouchard
Danielle Bouchard

Senior Vice President, Specialty Underwriting

Scott La Croix
Scott La Croix

Canada - Vice President, Head of TMHCC Specialty Canada Operations

Documents & forms

Your team

Branch office

37 Radio Circle Drive
Mount Kisco, NY 10549

(914) 241-8900
Directory
Danielle Bouchard
Danielle Bouchard

Senior Vice President, Specialty Underwriting

Mount Kisco, United States

Your team

Branch office

78 Musgrove Street
Winnipeg, MB R3R 2M5
Canada

(204) 806-0732
Directory
Scott La Croix
Scott La Croix

Canada - Vice President, Head of TMHCC Specialty Canada Operations

Winnipeg, Manitoba, Canada

why choose tmhcc

Why choose Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.

More about us Financial strength

Not all products, coverages, or features may be available in all states. Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds.