17 Apr 2020 | 

Marine insurance have predictably gone through changes in response to the outbreak of the COVID-19 pandemic. As a general rule we have seen underwriters amend the scope of their affected insurances, often limiting or excluding any incidents relating to the novel Coronavirus.

We have access to a new cover, on Lloyd’s security, which specifically covers delays or disruption caused by COVID-19 related restrictions on a specific voyage basis. The voyage cover is normally limited to 30 days, and initially targeting tonnage carrying oil and gas cargoes.

We know this has been a concern for several of our clients, and hope this can be a useful remedy. We are pleased to add this to our product portfolio.

For further information, contact our competent team of risk experts by following these links to our peoplepractices or offices.

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