War Risks and Kidnap & Ransom
War Risks insurance covers total loss and damages, collision liability, hull and/or freight interests, loss of hire and owners’ liability (P&I, including occupational injuries) according to recognised international standard conditions such as the Institute War and Strikes Clauses. In addition, AG provides charterers and traders with a comprehensive War and Other Risks price comparison service.
Kidnap & Ransom insurance provides coverage in the event of the kidnapping of crew members or of other insured personnel. This typically includes coverage for monies paid to kidnappers or extortionists, the loss of ransom monies in transit and other expenses incurred as a result of a kidnapping at sea. Additional support services may be included in the coverage.