P&I CREW STOP LOSS

P&I CREW STOP LOSS DEDUCTIBLE INSURANCE

Cover for aggregated P&I crew deductibles during a policy year.

The insurance covers re-imbursement of aggregated P&I crew deductible under a policy year.

The accumulated net cost for P&I crew deductibles incurred during the policy period in excess of an agreed level.

KEY FEATURES

  • Annual aggregate deductible (AAD) agreed in advance.
  • Once AAD exceeded all accumulated P&I crew deductibles reimbursed up to policy limits.
  • Flexible – premiums per crew member and policy parameters all fully negotiable.
  • Provides cashflow protection – important for years with high crew claims experience.
  • Fully customisable around the client’s own P&I crew cover arrangements.
  • “Sleep easy” policy – time and cost efficient.
  • Ideal product for crew managers – provides budgeting certainty.
  • Product structure rewards prudent owners who aim to minimise crew claims.

DOCUMENTS

Contact Jan Limnell, Claudio Blancardi, Dan Lennhammer, Constantinos Elmaoglou or Yiannis Minovioudis directly for any delay cover related questions or through your usual broker to outline your requirements and give us the opportunity to, possibly, design our next new product