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Sea vessel liability insurance

Sea vessel liability insurance

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Sea vessel liability insurance covers civil liability associated with compensation of damages caused to the third parties as a result of an event (accident) which has taken place in the process of performance of professional activities by the Insured.

Ateshgah Insurance Company covers the Insured from the following risks:

  • Liability for cargo which is subject to transportation, is being transported or has been transported by the insured vessel;
  • Liability for destruction or damages to properties in the insured vessel;
  • Liability for the insured vessel’s collision with other vessels;
  • Liability for damages to floating and immovable objects;
  • Liability under the towing agreement;
  • Liability for extraction of properties which sunk as a result of an accident;
  • Liability for damages caused as a result of water and water facilities pollution in spillage (disposal) of oil and other pollutants from the insured vessel;
  • Liability for damages caused to individuals (except for the crew members).