Travelers can provide a tailor made policy to cover the unique liabilities encountered by companies and individuals who provide services to operators and principals 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.
Travelers’ cover can be extended to cover your liability arising out of fraud of employees, defamation, loss of documents and unintentional breach of warranty of authority.
Travelers’ 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 Travelers.
Proposal Forms
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