Marine Traders Still Feeling After-Effects of Floods
Marine Traders are used to managing flood risk yet the sheer scale of the storms and floods that swept the UK last winter simply overwhelmed the valiant attempts of many traders to preserve the integrity of their yards and premises against waters that had been rising for weeks. As well as dealing with general loss […]
New Wharfingers’ Liability Insurance Facility
A new Liability product bundle for Wharfingers has been announced by specialist Marine Insurance brokers IRCM. In addition to insuring their legal liability, the product bundle offers further benefits to of Wharf Operators. Mark Elcocks, Specialist Risks Executive with IRCM said “Wharfingers can boost their cover with Excess Protection. Basically it provides a pot of money […]
IRCM Announce New Marine Clubs Liability Covers
Marine Insurance specialists IRCM have announced the launch of new liability covers for marine-based clubs. Not only do the extensions provide vital cover that clubs, particularly those dealing with young persons and vulnerable adults, require but they also provide a seamless solution for rowing clubs, sailing clubs and watersports centres. Mark Elcocks, IRCM’s Specialist Risks […]
IRCM Launch New Rowing Club Covers
Rowing Club Insurance specialists IRCM have announced the launch of new liability covers for their rowing club clients. Not only do the extensions provide vital cover that clubs, particularly those dealing with young persons and vulnerable adults, require but they also provide a seamless solution for clubs. IRCM founder and veteran rower, Pat Ward said “Clubs […]
IRCM Announce New Product Bundle for Marine Traders
UK Marine Insurance specialists IRCM have launched a new product bundle aimed at Marine businesses. In addition to specialist marine trades protection that includes cover for buildings, contents, vessels and yachtyard liability, the product bundle offers further benefits to operators in this segment. IRCM’s Specialist Risks Executive, Mark Elcocks, said “Marine businesses can boost their […]
New No Claims Rebate for Marine Trades Announced
Specialist Marine Trade Insurance Broker IRCM has launched a No Claims Bonus rebate for their Bowline Marine Trade customers. Qualifying businesses will receive a 5% discount at policy inception and the discount level will increase by 5% at each renewal up to a maximum of 25%. Mark Elcocks, IRCM’s Specialist Risks Manager said “This rewards […]
Storage of Marine Flares & other Pyrotechnics
The question of how you should store marine flares can invite some excessive storage requirements from your insurers – demands for metal cabinets along with warning notices are commonplace. The U.K has The Manufacturer and Storage of Explosive Regulations 2005 to comply with. Briefly, this says that if you hold more than 5 kilograms of […]
Broker support helps resolve “latent defect” issue
An IRCM customer had commissioned a surveyor to inspect his vessel pre-sale. During the survey a cracked ballast plate was spotted and the surveyor immediately condemned the vessel as being unseaworthy and asserted that the damage was the result of a latent defect. The owner contacted IRCM, submitting a claim for his insurer’s consideration. Whilst latent […]