Additional ITIC Insurances
Directors' & Officers' Insurance
D&O insurance cover protects companies and their directors', officers' and senior managers against claims arising from their decisions and actions taken whilst managing their business.
To request a quote, please fill out a Directors' and Officers' proposal form:
Debt Collection Insurance
An optional benefit that ITIC offers to its members is a comprehensive debt collection cover to assist with the recovery of outstanding debts, commissions, brokerage and disbursement accounts. This cover pays for any legal costs incurred in the recovery of the debt, rather than the debt itself.
If you do not currently have additional legal expenses and debt collection cover and would like a quotation, simply contact your underwriter at ITIC or your insurance broker.
Commission Income Insurance
ITIC's loss of commission cover is tailored to meet ship brokers' needs, offered as an endorsement to members' existing liability insurances. There are two levels of cover, actual and constructive total loss only, and full cover which insures a wide range of marine perils.
To request a quote, please fill out a Commission Insurance form:
Cash in transit Insurance
ITIC offers a unique insurance package to its members. The combination of cash in transit and petty cash insurance offers members the convenience of a single policy at a competitive premium.
To request a quote, please fill out a Cash-in-Transit insurance:
Loss of Management Fee Insurance
A loss of commission caused by a loss of management fee insurance is a vital cover for ship managers. This is offered as an endorsement to ship manager members' existing professional indemnity and covers them if they are not paid their fees as a result of a ship under their management being lost through actual or constructive total loss.
To request a quote, please fill out a Loss of Management Fee Insurance:
Cargo Liability Insurance
A ship agent's or ship broker's liability is usually the result of his own negligence, whereas a freight forwarder, NVOC, warehouseman or haulier can incur a contractual liability through no fault of his own. ITIC offers additional cover for cargo liabilities.
To request a quote, please fill out a Cargo Liabilities insurance form: