What Can We Do
For You?

Operating into one of the most difficult business sectors in the world, being able to identify risks and find ways to eliminate their consequences, is what we do best. Our aim is to service our clients and be able to offer a solution together with A rated insurance providers worldwide. Being one of the oldest Broking houses in Greece, we have, thanks to our excellent name and reputation, established long lasting relationships with Insurers with whom we share common goals and ethics.  We are all here for the long run and our loyal clients since Capt. Andreadakis early broking days can support this, as we are proud to have relationships with some of our clients for over 4 decades.

Our Key Services

Hull and Machinery (H&M)

Provides coverage against the physical loss or damage to the vessel. Pays the sum insured in case of a total loss or the cost of repairs in case of a damage. Also, covers Salvage and Sue and labor expenses

War Risks (War)

Provides cover similar to the H&M but with the cause of damage arising from malicious, hostile and war like acts. Capture, seizure etc are also covered.

Increased Value – Disbursements – Freights (IV – FI)

Additional cover which pays amounts on top to the H&M cover in case of a total loss of the subject matter insured.

Loss of Hire (LoH)

Provides cover for the loss of time following a physical loss or damage to the vessel. Cover pays an agreed daily hire rate for the period that a vessel is out of commission due to an insured peril.

Towage & Break up Voyages including P&I

A package of covers that provide H&M, War and P&I for vessels that are being towed from a place to another or even during a break up voyage under their own power.

Port Risks

H&M cover for vessels within port limits under repair or just laid up. Third Party Liabilities can also be included.

Builder’s Risks

H&M cover for vessels under construction, renovation or upgrading.

Cargo Cover

Cover provided against insured perils for physical loss or damage to goods under transit. Several extensions to include door to door coverage of the insured goods are available.

Protection and Indemnity (P&I)

Third party liability coverage for vessels, yachts of other units that can be provided by either a P&I Club, member of the International Group of P&I Clubs, or by a fixed premium provider.

Freight Demurrage and Defense (FD&D)

Legal expenses cover for vessels, yachts or other units. Usually provided by the P&I cover insurer up to a certain agreed limit.

Charterers Liabilities

P&I coverage for Charterers of vessels or other units that can be extended to include Damage to Hull of the chartered vessel, loss of bunkers on board, loss of freight in case of a total loss of the vessel and of course FD&D cover.

Kidnap and Ransom (K&R)

Specialized cover that will pay Ransom and other expenses in a case of a successful Piracy kidnap of an insured vessel or unit and persons legally on board. Kidnap Loss of Hire can also be insured under this policy.

Crew Personal Accident (Crew PA)

P&I Crew deductible “buy back” coverage. Covers only Personal Injury and not Illness.

Innocent Shipowners Cover

Cover specialized for Owners that agreed to bareboat their vessel or unit to a 3rd Party. Covers their interest on the vessel in case the main H&M cover of the vessel cannot pay a claim due to a breach of the conditions of the cover by the Bareboat Charterer.

Errors and Omissions (E&O) – Ship Managers Liabilities

Cover that pays for the consequences, up to an agreed limit of liability, of an error or an omission made by an employee of a company or a ship manager, as the case may be.