The club’s London Class team has specialist knowledge and expertise in the underwriting of inland and coastal vessels up to c. 10,000gt.
The London Class specialises in insuring European inland waterways, harbour and coastal operators for their P&I and related liabilities.
There are a number of specific legal regimes which often apply, particularly to inland trade; the London Class team specialises in providing comprehensive cover and dedicated claims handling by experienced claims handlers.
Cover can be provided on a mutual or fixed premium basis. The usual limit for the fixed premium cover is $500m but cover up to $1bn can be agreed where required.
Many smaller vessels are involved in technical operations which require additional covers, eg specialist operations, salvage, etc, and which involve contracts which may bring additional contractual liabilities. The London Class team is experienced in such risks, offering cover for such liabilities and reviewing contracts to assist the member with their risk management.