It’s our aim to play an active role in the process of tailored services. That’s why we prefer to check our customers contracts, including any agreement with their principals. With our extensive experience in the (offshore) energy industry, we can easily provide comments that can prevent potential risks weighting in such contracts.
Once contracts are firm, you can quickly expect our appropriate recommendations for possible changes in your insurance covers.
As an example, we list a brief summary of contractual requirements:
- Liability: co-insurance of the principal and / or increase of the sum insured and / or cover for activities in North America;
- Staff: insurance for offshore/onshore medical repatriation costs;
- Equipment: insurance of rented / leased equipment (including whilst in transit/ at work, etc.)
- Vessels: insurance of contractual obligations resulting from the Charter Party
You will experience that we consider insurance covers itself as the final piece of a sound risk process. (Insurance policies generally post their value ‘afterwards’)
That’s why our support is to avoid damages on forehand. This not only resulting in the best possible relation with your principals, but also with the insurers covering your risk. Last but least this will enable us to deal better conditions and the best premium rates.
Our approach however does not mean that our effectiveness is at stake.
Our response is direct and hence within a short time.