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Introduction to Marine Insurance

  • Background to the insurance industry
  • How insurance operates and common practices
  • Who are the key players
  • Types of Insurance
  • Types of loss and definitions
  • Overview of the claims procedure

Legal Aspects Associated with a Marine Insurance Claims

  • The History of Marine Insurance Law
  • Fundamentals of an Insurance Contract
  • Disclosure, warranties and fraud under the Insurance Act 2015
  • Types of loss – total, constructive and partial
  • Proximate cause of loss
  • Claims and disputes

P&I Claims

  • Background to P&I insurance
  • Components of the policy
  • Types of claims
  • Loss adjustment
  • Making and defending a claim
  • Case studies

Cargo Claims

  • Background to cargo insurance
  • Components of the policy
  • Types of claims
  • Assessing a claim
  • Case studies

Hull and Machinery Claims

  • Background to hull and machinery insurance
  • Components of the policy
  • Types of claims
  • Superyacht Claims
  • Commercial Claims
  • Case studies

Salvage Claims

  • Background to a salvage claims
  • Claim and defence
  • The Salvage Statement
  • Role of the SCR
  • SCOPIC and Article 13
  • Admiralty salvage arbitration
  • Wreck removal and the role of the P&I Club
  • Case studies

Small Yacht Claims

  • The small yacht market
  • Background to insurance offered
  • Components of the policy
  • Types of claims
  • Making and defending a claim
  • Case studies

Port, Boatyard or Marina Claims

  • Components of the policy
  • Types of claims
  • Loss adjustment
  • Making and defending a claim
  • Case studies

Inspection Process

  • Role of the marine surveyor
  • Seaworthiness
  • Fact versus opinion
  • Collection of evidence
  • Reporting and privilege
  • Case studies

Quantification of a claim

  • Roles – Loss adjuster or Surveyor
  • Calculating the claim, types of claim, Instruction and type of policy
  • Standards – exposure to risk liabilities
  • Techniques and process
  • Packing, cause and reporting
  • Other types of survey