Maritime Piracy

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.