
| Marine Insurance
|
A
comprehensive range of covers is provided to protect Members interest by using standard
Institute Clauses for Hull and Liability cover, enhanced by special wordings which assist
in developing the scope of cover and the administration of the protection provided.The Hull & Machinery cover protects Owners against damage claims and total loss, with Protection and Indemnity cover giving Members comfort for their legal liability in the event of an accident occurring. Personal Accident insurance offers 24 hour protection, covering accidents ashore as well as at sea, and provides financial assistance to crew members and their families in the event of death or serious injury, as well as a weekly benefit in the event of temporary disablement. Defence cover is also available to the Membership to provide legal assistance and technical expertise.
|
| 'A'-rated (Excellent) by A.M.Best Company
|
| Strength, Stability and Security
|
In recent times both
the commercial fishing industry and the marine insurance industry have suffered difficult
trading conditions.Our loyal Membership have benefited considerably from the commitment and stability of Sunderland Marine, which have now provided to generations of vessel owners. It is the Company's policy to maintain a strong financial position, holding Free Reserves and maintaining solvency in excess of global statutory minima, thus ensuring we retain considerable financial resilience. The Company is approved by many Regulatory Authorities, not only in the United Kingdom, but also in the European Union, U.S.A., Canada, Australia and New Zealand. For many years we have enjoyed a stable relationship with leading security at Lloyds and other professional reinsurance companies from Europe and the United States. All of our reinsurers carry the highest international insurance rating accreditations providing the Membership with the additional comfort that our valuable Free Reserves are protected.
|