The increasingly volatile maritime security environment along with specific liability requirements applicable to the shipping trade industry, make it critical for shipping industry owners, management and trade associations to seek protection for their assets. With more than six decades of experience helping industries manage risk and protect assets, Clements can ensure that your organization is compliant with BIMCO insurance requirements.
Clements Worldwide provides International Maritime Security Insurance for today's global shipping and security industry. Working closely with Private Maritime Security Companies, Clements has developed maritime and security policies that cover liability risks and comply with regulations to meet BIMCO’s insurance requirements for GUARDCON standards.
New GUARCON standards mandate that a minimum of USD 5 million in insurance protection is now required for contractors in order to win new business. BIMCO's recent publication of new GUARDCON standards for the employment of security guards on vessels include provisions requiring any security company to carry insurances (specified in Clause 12) covering the company and its security personnel against costs and liabilities. Examples of these new regulations include:
- General insurance - USD 5 million Professional indemnity insurance
- USD 5 Million Maritime employers insurance
- USD 250,000 per person personal accident and illness
- Valid licenses for embarking and disembarking armed teams
- Legal and documented weapons
Clements Worldwide works with Private Maritime Security Companies (PMSC) to ensure your protection and that of your clients well beyond these standards.
Features and Benefits of Maritime Security Insurance
- General and Professional Liability
- Coverage Employers Liability
- Personal Accident Kidnap and Ransom insurance
- Directors & Officers Insurance.
Our dedicated staff is ready to offer a free consultation today and can tailor products to suit your needs, please call us today at +1.202.872.0060 or 800.872.0067 or email firstname.lastname@example.org.