Loss of Hire / Business Interuption
CLP Insurance Brokers has developed strong relationships with the specialist markets that offer this coverage both in London and Norway. CLP Insurance Brokers' brokers have many years of experience of placing the right coverage for parties who have an insurable interest in the earning capabilities of a vessel and who would be financially prejudiced should the vessel be unable to operate.
- Loss of charter hire
- Increased cost of charter hire
- Daily running costs following an incident
- Partial loss incidents only (Loss of Earnings due to Total Loss is accounted for in the Hull & Machinery insured valued under Increased Value and/or Freight Interest)
- Blocking and Trapping
- Delay in Start Up