At sea there are no second chances: protect your operation with the right coverage and the peace of mind of complete protection.

Sectors / Maritime /

Maritime

In the sea, every operation involves risks: from the moment a vessel sets sail, during loading and unloading, to maneuvers in port. Having the proper protection is essential to ensure the continuity of your business and comply with national and international regulations. 

Whether you are a vessel owner, logistics operator, or shipping company, we design insurance and surety programs that support you at every stage of your operation. 

Main risks in the maritime sector:

  • Damage to the vessel (Hull): due to collisions, groundings, fire, or explosion.
  • Marine pollution: due to accidental spills of fuel or hazardous substances.
  • Liability to third parties: damage to other vessels, ports, or third-party property.
  • Loss or damageofcargo: due to mishandling, weather conditions, or accidents. 
  • Piracy and theft: especially in high-risk areas such as the Gulf of Mexico.

What type of insurance do I need to protect my commercial or service vessel? 

  1. Hull & Machinery: Covers damage to the vessel (engine, hull, equipment).
  2. P&I (Protection & Indemnity): Covers civil liability to third parties, including pollution, collision, crew, and cargo.
  3. Marine Cargo Insurance: Protects goods transported by sea.
  4. Port Liability Insurance: Coverage for loading, unloading, and port operations.
  5. Loss of Hire Insurance: Covers loss of income due to inactivity after a loss.

Am I legally required to obtain insurance to operate in Mexican waters? 

Yes. The Navigation and Maritime Commerce Law establishes that: 

“All vessels navigating or naval artifacts located in marine zones or Mexican inland waters must have protection and indemnity insurance for civil liability (P&I) under the terms of Title Seven of this Law”

This means that every vessel operating in Mexican waters must have, at a minimum, P&I insurance, which covers civil liability for damage to third parties, pollution, injury or death of persons, and other risks arising from maritime operations. 

What does Protection & Indemnity insurance cover? 

P&I is the insurance that protects the shipowner or charterer for their legal liabilities toward third parties arising from the operation of the vessel, and it is essential to comply with international regulations. It mainly covers: 

  • Injury, illness, or death of crew members and third parties.
  • Damage to other vessels, ports, or maritime infrastructure.
  • Cleanup and expenses related to environmental pollution.
  • Legal defense and claim costs.
  • Wreck removal if legally required.

It does not cover: damage to your own vessel, loss of income, or fines resulting from intentional breach of the law. 

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