Marine & Fire Risk Protection
Structured cover design for cargo transit, stock / warehouse, fire & allied perils, machinery breakdown and business interruption — powered by risk engineering & claim readiness protocols.
Primary Risk Domains
Layered architecture avoids uninsured gaps & overlap leakage while enhancing claim defensibility.
Marine Transit
Open cover vs specific, Institute Cargo Clauses selection, valuation basis (CIF + mark-up) & delay exposure notes.
Stock / Warehouse
Floating / declaration forms, peak endorsement, spontaneous combustion & stock throughput integration alignment.
Fire & Allied Perils
Under‑insurance mitigation, add‑on limits (A&A fees, debris), STFI / EQ adoption & occupancy hazard classification.
Business Interruption
Indemnity period sizing, dependent supplier / customer extension, increase cost of working vs standing charges.
Machinery Breakdown
Critical asset identification, spares lead time mapping, deterioration of stock extension for cold chain assets.
Risk Engineering
Loss prevention audits, thermographic scans, sprinkler adequacy, electrical panel heat & hydrology analysis.
Common Cover Patterns
Illustrative frameworks (final structure tailored by turnover, geography, process volatility & loss history).
Stock Throughput Integrated
Integrates transit + static stock risk eliminating silent gap between marine & fire policies; declaration reduces over‑insurance.
Open Marine Cover Continuity
Automatic attachment for declared shipments, reducing missed dispatch risk and administrative friction.
Floater / Declaration Stock Dynamic
Suits fluctuating inventories; monthly declarations adjust provisional premium & manage under‑insurance risk.
Industrial All Risk
Broad peril consolidation (subject to exclusions) for higher value assets; simplifies multi‑policy negotiation.
MBD + Business Interruption
Pair mechanical failure repair with lost profit impact; extends protection beyond physical restoration costs.
Parametric Add‑Ons
Index / rainfall / flood level triggers expedite liquidity while traditional claim causation is investigated.
Note: Availability depends on underwriting appetite, risk improvements & compliance status.
Illustrative Risk Matrix
Helps prioritise mitigation vs transfer & informs deductible / sub‑limit strategy.
End‑to‑End Workflow
Integrates advisory, placement, prevention & claim defensibility into one continuous loop.
1. Discovery & Data
Asset registers, stock turnover patterns, logistics flows, loss history & existing policy wording extraction.
2. Gap & Overlap Map
Peril adequacy, valuation basis, under‑insurance exposure, duplicate premium leakage identification.
3. Architecture Design
Optimal policy form (open / declaration / IAR), deductibles, sub‑limits & indemnity period calibration.
4. Market Placement
Multi‑insurer analytics – rating vs clause variance vs risk improvement commitments & service record.
5. Risk Improvement
Engineering recommendations tracked – electrical, fire protection, flood barriers, maintenance scheduling.
6. Claim Readiness
Pre‑loss documentation packs, photo & inventory protocols, escalation matrix & TAT expectation map.
Pre‑Loss Dossier
Organised storage of valuation sheets, invoices, maintenance logs & layout plans accelerates adjuster agreement.
Evidence SOP
Immediate photo / video checklist, preservation of damaged parts & segregation tagging for salvage clarity.
Notification Protocol
Defined time stamps: insurer, surveyor, authorities; minimises reservation of rights & late reporting issues.
Loss Measurement
Stock reconciliation templates, production loss logs & alternative supplier cost tracking for BI quantification.
Variance Review
Settlement vs expectation analysis feeds next renewal pricing leverage & clause enhancement arguments.
Frequently Asked Questions
Operational clarity improves underwriting outcomes & claim speed.
How do I avoid under‑insurance penalties?
Use correct basis of valuation (replacement / reinstatement), frequently reconcile stock peaks, apply escalation / declaration clauses and schedule independent valuation where asset volatility is high.
Is Industrial All Risk always cheaper?
Not necessarily. It simplifies administration but rating plus deductible structure can offset efficiency. Comparative costing vs modular approach plus clause breadth analysis is essential.
What length BI indemnity period should I choose?
Model rebuild timelines, critical machinery lead times, regulatory approvals & customer tolerance. Many businesses under‑select 6–9 months when realistic recovery needs 12–18 months for full earnings normalisation.
When does Stock Throughput policy make sense?
When a significant proportion of risk toggles between transit & storage and admin friction / overlap is high. Works best with reliable declaration discipline & strong risk data capture.
Why claim documentation SOP before a loss?
Speed & completeness directly affect surveyor confidence, reducing disputes over quantum, salvages & betterment. Pre‑agreed formats compress negotiation cycles.
Need a Marine & Fire Risk Audit?
Send existing policy set, last 3 years loss data & top 10 SKUs / critical machines. Receive a brief: gap map, under‑insurance exposure, deductible efficiency & immediate risk improvement wins.
- Comparative market analytics
- Under‑insurance stress test
- Risk engineering roadmap
- Claim readiness toolkit
- Renewal negotiation levers
*Claim Support Score: Internal experience‑weighted metric (responsiveness, settlement TAT & deduction recovery). Cover availability & clauses subject to insurer underwriting & regulatory guidelines. Read all policy wordings carefully. Illustrations are educational, not a substitute for personalised advice.