Welcome to Marine Insurance division of BKIC!

If you had ever asked the question who was the first to think of Insurance? The answer would be "We (the Marine Insurers) did!" It is not our intention to sound presumptuous but the concept of Marine Insurance existed long before any other class of insurance. The early Phoenicians, then the Romans had developed systems by which a sea voyage would be secured or protected. The famous coffee house of Lloyd's which went onto become the world's most important insurance institution had its roots in shipping and marine insurance.


Cargo
 
 

Hull
 
 

Pleasure Craft
 
 

 

Cargo
 

Any good that is loaded onto any type of vehicle for the purpose of being transported from one point to another is insured under cargo insurance policy. The various types of Cargo insurance available are as follows:

Specific Cargo Insurance Policy - protects each shipment, sent by sea or air, from any one place to any one place in the world, against various risks.

Open Cargo Policy - affords automatic and continuous protection to insured's all import and export cargo shipments, sent by any means of transport, on agreed terms.

Inland Transit Insurance Policy - covers cargoes dispatched overland from one place to another.

Carrier's Liability Insurance Policy - affords protection to hauliers/transporters against their liability for loss or damage to goods whilst in their care and custody.


We at present provide on line quotation in respect of Marine Cargo Insurance. If you complete and submit the form we will get back to you within the first working day.

   
Hull
 

Any vessel that floats and moves, from a simple rowing boat to an ultra large tanker is insured under Hull insurance policy. We provide insurance cover for Pleasure Craft and Yacht. The various types of Pleasure Craft and Yacht insurances available are:

Comprehensive Yacht Insurance Policy - protects the insured's vessel against all sea perils including liabilities towards third parties.

Third Party Liability - protects the insured for their legal liabilities in respect of claims made by third parties for bodily injury and property damage.

   
Pleasure Craft
 

Yacht, boat and jet skis