LEGAL AND INSURANCE

Our commitment to compliance combined with our excellent security record has led to a strong relationship with the London insurance market. In fact, several major underwriters offer a discount of up to 75% for vessels deploying Ambrey teams.

We contract for our armed guards services using BIMCO’s Guardcon and our contracts have been approved by all major P&I clubs. Where we provide armed security services using Local Navy Armed Guards, they are also covered by our insurances and are contracted using BIMCO’s Guardcon, as per BIMCO’s advice to owners on the use of Local Navy Armed Guards.

Our transfer vessels are insured in the London market. We’ve also completed due diligence questionnaires for several underwriters, including Hiscox, Catlin, Aspen and Travelers.

Our security services are all insured to the levels recommended by BIMCO’s Guardcon:

Employers Liability

Up to GBP £10,000,000 in general, up to GBP £5,000,000 for any one incident of terrorism or an incident occurring offshore. We’re also covered for the carriage and use of firearms on the high seas, insuring us for any accidents, injuries, damage, or claims that arise as a result of firearms.

Public Liability

Up to USD $5,000,000 for any one incident.

Products Liability

Up to USD $5,000,000.

Professional Indemnity

Up to USD $5,000,000 in the aggregate.

Pollution Indemnity

Up to USD $5,000,000.

Personal Accident Insurance

Up to USD $250,000 for any one incident.

Medical Expenses Insurance

Up to GBP £500,000 and including repatriation following an accident.

Protection and Indemnity Insurance

Our two owned transfer vessels are insured with Hanseatic.

Hull and Machinery Insurance

Our two owned transfer vessels are insured in the London market.

Want to know the details of our insurance policies?

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