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Summary

Besso’s work with international salvage and wreck removal companies has made it a market leader and recognised innovator in this field. It manages liability insurances to cover overwater and shore-side operations/contracts worldwide, and many of its clients have worked closely with Besso and the London Market for many years and established a strong and trusted and relationship. This is essential to properly address the often diverse and specialised insurance needs. Where necessary, Besso arranges hull and machinery, increased value, and hull war risk insurances for any vessels, watercraft, or jack-ups that the salvor owns and operates.

Scope

The policy will indemnify the insured for their legal and/or contractual liabilities to third parties incurred from or in consequence of salvage operations and/or wreck removal and/or marine consulting services that they undertake.

The policy includes the following up to agreed limits:

  • Salvors’ liability to third parties
  • Charterers’ liability for any chartered in watercraft or equipment
  • Pollution liability arising from actual salvage or wreck removal activities
  • Premises/public liability which may arise out of ownership/lease/rental and/or operation of pre-declared locations and sites 

Brokers

Divisional Specialists

Marine