We provide two following Loss of Hire insurances:

• Loss of Hire insurance for ship owners covers loss of income following a physical damage to the vessel,
  recoverable from the underlying hull & machinery cover. This enables ship owners to protect their cash flow
  in the event of an accident. It covers loss of income caused by following accidents:
  • Physical obstruction which prevents the ship from leaving any limited area
  • Salvage
  • General Average events
  • Grounding
  • Removal from the ship of damaged cargo
• Loss of Hire insurance for time charterers covers loss of hire following a seizure of the vessel by pirates