Whilst it’s long been a principle of insurance that the premiums of the many pay for claims of the few, it may be somewhat contentious to suggest that UK yacht owners should be paying for the claims of the many US and Caribbean-based yachts, as well as the various superyachts that have been lost globally, [...]
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Independent Boat Insurance specialists IRCM are supporting British Marine’s #summeronthewater campaign with a timely boost for first-time buyers of yachts and pleasurecraft. British Marine (BM), the membership organisation for the leisure, superyacht and small commercial marine industry, launched the campaign this month to support the Sector following the Covid-19 lockdown which crippled much of the [...]
Insurers Continue to Post Huge Yacht Insurance Losses It’s no secret that the yacht market at Lloyds has posted enormous losses over the last couple of years. 2015, a relatively quiet year saw the Market shell out well in excess of £200m in superyacht-related claims against revenue estimated at £150m, posting a loss ratio of [...]
With Indemnity Limit requirements rising IRCM are continuing to help Marine Sole-Traders get the cover they need at affordable rates An increasing number of marinas are requestng visiting and resident Marine contractors and sub-contractors to have a minimum level of Public & Yachtyard Liability Insurance of £5,000,000. Some local authorities and other public institutions [...]
"Indemnity Creep" is showing no signs of letting up and an increasing number of marinas, local authorities and other public entities are insisting small businesses have ever-larger Public Liability indemnity limits. If you are looking for markets from which to source excess layers for Public & Yachtyard Liability then IRCM can assist. Telephone Mark Elcocks [...]
Marine Surveyors, Marine Engineers as well as off-shore contractors and other marine professionals can now access specialist marine equipment cover through IRCM. Individuals and businesses can choose from 3 tiers of protection for their marine equipment, tools, computers and associated IT equipment. Kit will be covered in transit by land, sea and air and whilst [...]
IRCM are marking the 1st anniversary of the launch of their wholesale Marine Trade facility by increaseing commission rates to our broker community. So whether you have a book of Marine Trade business or write the occasional risk why not see how we can assist you and your clients in 2013? Benefits of working with [...]
Accomplish More suffered smoke damage but otherwise emerged unscathed from a fire at Mickelwrights Structures Ltd in Dudley where it is being built. For full details and the latest news about the World Record Global Circumnavigation attempt mouse over https://www.marineinsurance-ircm.co.uk/about/marine-news-white-papers
Insurance Risk & Claims Management issued a warning about a steady increase in outboard engine thefts. Countrywide both small and large outboard engine theft is a serious exposure and all boat owners and yards need to look at their security provisions. In the case of yards CCTV systems are becoming cheaper and more manageable with [...]
Insurance Risk & Claims Management Limited, one of the UK’s leading classic boat insurance specialists, is delighted to be associated with the MTB102 Trust. The Trust is responsible for the running and maintenance of the famous MTB102 motor torpedo boat which is a leading member of the Association of Dunkirk Little Ships and escorting the [...]