MARINE RISKS

A comprehensive cover designed for use within Australia with different cover options available for accidental damage and nominated perils.

Two different cover options available:

COVER OPTION A - ACCIDENTAL DAMAGE

Accidental Damage covers accidental loss of, or damage to, the goods during transit.

COVER OPTION B - NOMINATED PERILS

Nominated Perils covers loss of, or damage to, the goods during transit caused by:

• fire, flood, hail or lightning
• explosion
• collision of the conveyance, except with the road surface, gutter or similar surrounding surfaces
• overturning, jack-knifing, and/or derailment of the conveyance
• impact of the goods with any object which is not on or part of the conveyance
• collision, crashing or forced landing of the aircraft
• theft of the goods from the conveyance following forcible visible and violent entry
• pilferage

ADDITIONAL BENEFITS

• Accumulation
• Acquired companies
• Automatic reinstatement
• Clean up costs: $100,000
• Damage by government authorities
• Debris removal: $100,000
• Exhibition or display: $50,000
• Expediting expenses: $20,000
• Overcarried
• Packers premises
• Returned goods
• Sellers contingency
• Shipping containers: $100,000
• Shut out
• Sorting charges
• Tools of trade: $20,000

A comprehensive cover designed for importers and exporters, as well as local manufacturers, distributors and producers, requiring an annual worldwide solution.

Additional benefits included as standard;

• Accumulation
• Acquired companies
• Automatic reinstatement
• Cargo ISM forwarding charges
• Clean up costs: $100,000
• Damage by government authorities
• Debris removal: $100,000
• Difference in conditions
• Duty
• Exhibition or display: $50,000
• Expediting expenses: $20,000
• FOB/CFR pre-shipment
• Fumigation: $50,000
• Insolvency of owners, managers, charterers or operators of the vessel or aircraft
• Overcarried
• Packers premises
• Reconsigned or reshipped
• Returned goods
• Sealed containers
• Sellers contingency
• Shipping containers: $100,000
• Shut out
• Sorting charges
• Strikes diversion expenses: $50,000
• Tools of trade: $20,000

Our Carriers Insurance product is part of our commitment to develop specialised products for our broker partners. This commitment is central to our philosophy and focus on excellence in underwriting and understanding their clients’ businesses and requirements.

Our Carriers Insurance product offers carriers the option of combining their legal liability coverage, and transit damage coverage for goods carried in the normal course of transit, under the one policy.

Our policy is divided into three sections:

• Section 1 - Legal Liability
• Section 2 - Accidental Damage
• Section 3 - Nominated Perils

Each section provides a different type of cover. The carrier selects the section, or sections, they require protection for.

SECTION 1 - LEGAL LIABILITY

Our Legal Liability section is designed for carriers who issue consignment notes incorporating conditions of carriage which include a disclaimer against liability for loss of or damage to goods or livestock carried.

Even though a carrier may issue a consignment note and operate under conditions of carriage, legal liability insurance is still necessary.

Circumstances can still arise where courts may set aside disclaimer clauses resulting in the carrier being unable to rely on them to deny liability.  For example: simply failing to obtain a signature on a consignment note before the goods are picked up. This section ensures the carrier’s legal liability is protected if this occurs.

Without this, considerable legal costs may be incurred in defending claims made against the carrier even though conditions of carriage exist and consignment notes are properly issued.

SECTION 2 - ACCIDENTAL DAMAGE

AND

SECTION 3 – NOMINATED PERILS

Our Transit Damage Sections, Accidental Damage or, Nominated Perils, are intended for carriers who wish to have the ability to make commercial settlements to their clients should an accident occur.

These sections will also provide protection to carriers who operate without a consignment note, or conditions of carriage, for claims made against them.

Additional benefits included as standard;

• Accumulation
• Acquired companies
• Additional expenses:  $100,000
• Agistment expenses:  $20,000
• Automatic reinstatement
• Clean up costs:  $100,000
• Damage by government authorities
• Deck collapse
• Mustering costs:  $20,000
• On forwarding:  $20,000
• Packaging:  $50,000
• Personal property:  $2,000
• Resecuring of goods:  $10,000
• Shipping containers:  $100,000
• Wandering off:  $20,000

Livestock offers levels of comprehensive cover specifically designed for local farms and distributors, to the international exporter, with attachment points based on:

PURCHASES OR SALES

This insurance attaches when each animal enters the conveyance or its loading ramp, continues during the ordinary course of transit and terminates when each animal is discharged from the conveyance, or its loading ramp, at the intended destination or such other place which you or your employees elect to use.

PURCHASES AT AUCTION

This insurance attaches from the time you purchase each animal at the sale-yard, continues during the ordinary course of transit and terminates when each animal is discharged from the conveyance or its loading ramp at the destination.

SALES AT AUCTION

This insurance attaches from the time each animal enters the conveyance or its loading ramp, continues during the ordinary course of transit and terminates when you sell the livestock at the saleyard. If the livestock are not sold, cover continues during the return transit to your property and terminates when each animal is discharged from the conveyance or its loading ramp at the destination.

Additional benefits included as standard;

• Accumulation
• Acquired companies
• Agistment expenses: $20,000
• Automatic reinstatement
• Cargo ISM forwarding charges
• Clean up costs: $100,000
• Overcarried
• Deck collapse
• Insolvency of owners, managers, charterers or operators of the vessel or aircraft
• Mustering Costs: $20,000
• Sellers contingency
• Strikes diversion expenses: $50,000
• Wandering off: $20,000

Always thinking outside the box when working on solutions, Meat Export includes products and policies that can be created specifically for the clients requirements.

Specific attachment points for producers or agents include:

• Amended for chilled when not frozen
• Cover whilst in store prior to shipment available
• Rejection and secondary rejection covers available for specific areas
• Workable policy which can include hides & skins and general goods

Additional benefits included as standard:

• Accumulation
• Acquired companies
• Automatic reinstatement
• Cargo ISM Forwarding charges
• Clean up costs:  $100,000
• Container demurrage charges
• Cord and seal extension
• Damage by government authorities
• Debris removal:  $100,000
• Difference in conditions
• Duty
• Exhibition or display:  $50,000
• Expediting expenses:  $20,000
• FOB/CFR pre-shipment
• Fumigation:  $50,000
• Insolvency of owners, managers, charterers or operators of the vessel or aircraft
• Overcarried
• Packers premises
• Reconsigned or reshipped
• Sellers contingency
• Shipping containers:  $100,000
• Shut out
• Sorting charges
• Strikes diversion expenses:  $50,000

A comprehensive cover designed for importers and exporters, as well as local manufacturers, distributors and producers, requiring an annual worldwide solution.

Additional benefits included as standard;

• Accumulation
• Acquired companies
• Automatic reinstatement
• Cargo ISM forwarding charges
• Clean up costs: $100,000
• Damage by government authorities
• Debris removal: $100,000
• Difference in conditions
• Duty
• Exhibition or display: $50,000
• Expediting expenses: $20,000
• FOB/CFR pre-shipment
• Fumigation: $50,000
• Insolvency of owners, managers, charterers or operators of the vessel or aircraft
• Overcarried
• Packers premises
• Reconsigned or reshipped
• Returned goods
• Sealed containers
• Sellers contingency
• Shipping containers: $100,000
• Shut out
• Sorting charges
• Strikes diversion expenses: $50,000
• Tools of trade: $20,000

Designed to cover your static stock and marine transits in the one policy. A Stock Throughput policy has three main parts;

• Inland (Australia)
• Imports and/or exports
• Goods in store/static

Our Stock Throughput policy provides seamless cover for goods, from raw materials to finished products, in transit anywhere Australia and the world.  The cover has been designed to including cover whilst the goods are stored at owned, or third party, premises.

Additional benefits included as standard;

• Accumulation
• Acquired companies
• Automatic reinstatement
• Cargo ISM Forwarding charges
• Clean up costs:  $100,000
• Damage by government authorities
• Debris Removal:  $100,000
• Difference in conditions
• Duty
• Exhibition or display:  $50,000
• Expediting expenses:  $20,000
• FOB/CFR pre-shipment
• Fumigation:  $50,000
• Insolvency of owners, managers, charterers or operators of the vessel or aircraft
• Overcarried
• Packers premises
• Reconsigned or reshipped
• Returned goods
• Sealed containers
• Sellers contingency
• Shipping containers:  $100,000
• Shut out
• Sorting charges
• Strikes diversion expenses:  $50,000
• Tools of trade:  $20,000

Lion Underwriting prides itself in its ability to develop trusted, efficient, tripartite relationships, which enables marine policies to be uniquely tailored to effectively cover client operations, no matter how specific.

Lion uses its specialised expertise and deep industry knowledge for the benefit our intermediaries, and their customers, to encourage open and mutually beneficial partnerships.

Lion focuses on building strong, long-term relationships with its intermediaries, characterised by trust, flexibility and specialist knowledge, coupled with unrivalled marine experience.

We offer the ability to listen, and work together, to provide high-quality tailored marine insurance covers.

Whether you are looking for an alternative to what you already have, or bespoke cover, come and talk to us.

We love the challenge of creating a solution where none has been possible previously.