Galatea can provide a tailor made policy to cover the unique liabilities encountered by companies and individuals who provide services to operators and principles in the shipping, transport and offshore industries.
At its most simple, this insurance covers claims arising from an error or omission in the exercise of your professional duty of care. Under most jurisdictions this liability extends not only to your client’s losses, but also to those of other parties who you could reasonably have known would be relying on your knowledge or skill.
Galatea’s cover also extends to cover your liability arising out of fraud of employees, defamation, loss of documents and unintentional breach of warranty of authority.
Galatea’s policy also rewards loyalty and effective risk management by providing a 10% rebate if the insured has operated claims free and decides to renew their cover with Galatea.
Available Extensions
Liability for misdirected claims against you as an agent
The international nature of the shipping industry exposes an agent to claims that in the normal course of events would be the responsibility of his principal. Such exposure usually only becomes evident when the principal disappears or becomes bankrupt.
Cargo & related liabilities
A company that also provides its customers with cargo handling or transport services (but who does not own or charter the ship/aircraft moving the cargo) may additionally face cargo related liabilities. This cover is especially beneficial for those providing ancillary freight forwarding, warehousing, haulage and stevedoring services.
Liability for fines and duty
You may face claims from an authority arising from an unintentional breach of regulation or statutory provision.
Other legal expenses insurance
Covering the legal costs you incur when attempting to recover debts owed to you or when making a claim for a breach of contract.
Proposal Forms
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