Kidnap & Ransom Insurance

SKULD provides cover for its members and clients for Kidnap & Ransom (”K&R) together with renowned Griffin Underwriting. The advantages of SKULD’s K&R product is that it will be a bespoke cover that fits with the P&I cover provided, facilitating any claims falling under the K&R policy. Our experience assisting members in piracy attacks and captures, combined with this world-wide K&R cover, provide our members’ and clients’ full protection. SKULD also provides Hull War Risks insurance which, in addition to K&R and P&I cover, provides full protection for any risks associated with a pirate attack – full comprehensive protection. For more information see Kidnap & Ransom Insurance.

The K&R conditions are indeed very wide in scope of cover and provide a certainty for the assured of having cover following a seizure by pirates and other illegal situations. The conditions are Griffin Maritime Plus.

The cover provides for a world-wide trade but with Listed Areas as per current London Hull War Risks Listed Areas. Passing into or through Listed Areas are subject to an additional premium and have to be reported in advance. Here are the current Listed Areas subject to an additional premium under the K&R cover and which require advance reporting. Please note these can be updated at any time.In case of a casualty under the K&R insurance, Griffin will assist through their appointed consultants. Therefore if a vessel is seized, the Assured has to contact Griffin/their consultants immediately:

EMERGENCY NUMBER FOR K&R INSURANCE: +44 207 183 3807

K&R LOSS OF HIRE EXTENSION
In addition to the K&R Insurance, through Griffin SKULD can provide Loss of Hire/Earnings protection for illegal seizure by e.g. pirates. The Loss of Hire cover is available for both Owners and Charterers and can be arranged on a case by case basis. The Assured will be indemnified for loss made up to an agreed amount. The cover is provided for the Listed Areas as above. Please see the conditions for the Loss of Hire extension.

HULL WAR RISK
SKULD can offer Hull War Risks cover. The combination of Hull War Risks with K&R cover provides for a full comprehensive insurance package that will give Owners full protection for any pirate attack. Please see Hull War Risks for more information.

For premiums, additional premiums, conditions and other questions regarding SKULD's K&R covers, please contact your underwriter or SKULD’s Underwriting Support.