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| Maritime Mutual, an internationally
recognised Club, provides comprehensive insurance cover to transport
intermediaries and the shipping industry. This on-going success
has encouraged the Board of Directors to offer the benefits
of membership of this exclusive Club to selected shipowner clients
for Protection & Indemnity (P&I) and Freight, Demurrage
& Defence (FD&D) and to charterers for Charterer's Liability
and FD&D risks. |
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Specialist Agents & Brokers |
| Maritime Mutual cover is
only available through formally appointed agents and approved
brokers who have been carefully selected for their market expertise
and specialist knowledge of marine liability insurance. These
experts act as your personal "risk pilots" to ensure
that you get the cover you really need at the right price. |
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The Benefits of Mutuality at Predictable and Economic Cost |
| Maritime Mutual,
unlike a fixed premium P&I insurer, has no shareholders
demanding a profit on their investment. Instead, mutuality provides
that the Club is owned by and is run solely for the benefit
of its Members. Accordingly, your combined premiums pay for
your combined claims, backed up by a comprehensive structure
of first class re-insurance policies to provide full protection
against major catastrophes and associated supplementary calls. |
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Skilled and Versatile Underwriting |
| Maritime Mutual's strategy
is to understand your business and your particular risks. Our
underwriters are skilled professionals with many years of marine
market experience. They work closely with our appointed agents
and approved brokers to combine London market expertise with
regional needs and commercial realities. The result being that
shipowners and charterers get the liability insurance protection
which their operations demand - "no more, and no less"
- because there is no point in paying for more than you really
need. |
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Reliability, Strength & Security |
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Maritime Mutual's strength is derived
from a combination of market expertise, selective underwriting
and the vigorous defence of liability claims. Its Management
is comprised of professional practitioners, well versed in
underwriting, risk management, claims settlement and legal
services and whose combined experience of the insurance industry
exceeds 125 years.
Maritime Mutual's security is backed
by a highly efficient reinsurance programme provided by specialist
Lloyd's Syndicates and financially secure insurance companies.
This programme has been devised by one of the world's top
three re-insurance brokers. The resulting package provides
Maritime Mutual's members with peace of mind and quality service
at economic cost.
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Selective Membership |
| Membership of Maritime Mutual
is selective so as to avoid exposure to high risk operations
such as VLCC's, cruise operators and US personal injury and
pollution risks. Preference will also be given to owners and
charterers who seek a long term service partnership with their
insurer, together with favorable terms for members who are pro-active
in respect of loss prevention and claims reduction. |
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Immediate Service Response |
| Maritime Mutual understands
that swift and effective response to an emergency is of critical
importance. Maritime Mutual, during its many years of experience,
has developed an international directory of correspondents and
lawyers who are available either directly or through our appointed
agents and approved brokers 24 hrs. a day. Our pledge is to
provide maximum service with the minimum disruption so as to
get your operation back on course just as quickly as possible. |
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Claims Settlement |
Claims are a
fact of life and without them you would not need insurance.
Maritime Mutual's claims handling policy is to:
· Control and minimise the loss
· Carefully and objectively investigate the cause
· Work with agents/brokers to adjust the claim and agree
a fair settlement
· Accomplish prompt payment |
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Loss Prevention |
| Maritime
Mutual believes that mutuality demands close attention to loss
prevention and the reduction of claims. Our technical team's
remit is to liaise with our members to identify shipboard hazards
and recommend practical and economic solutions for rectification.
With reference to contractual issues,
our legal team is available to provide their advice and assistance
in relation to bills of lading, C.O.A.'s and charterparties
as well as crew contracts and ship management matters. They
can also help you in assessing the creditworthiness of the
charterers you may wish to do business with. Give them a call
- they are there to help you.
The advantages of our pro-active loss
prevention programme are reflected in our Member's success
in reducing losses and increasing their profitability. Indeed,
the Club's success is your success.
In closing, we are delighted to welcome you as a full Member
of Maritime Mutual.
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