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Directors’ & Officers’ insurance, or D&O, provides financial protection for the directors and officers of your company in the event that they are sued in relation to the performance of their

A naval architect was contracted to design a yacht for a race.  The yacht was built and sailed over 10,000 miles without difficulties. However, when the yacht was lifted from the water, several

ITIC has been providing Professional Indemnity insurance to the Australian market for over 20 years, with ITIC policies now being fronted via our sister company the TT Club who are an A-rated

A well-presented, completed proposal form and an up to date CV. As an insurer of liabilities arising out of the mistakes made by an individual or a company, as part of our underwriting

ITIC provides professional indemnity (PI) insurance to marine professionals for claims which are brought against them due to losses suffered by their customers or other third parties as a result of

Sometimes ITIC’s surveying members will be asked by a ship owner, with whom they have no contract, to sign an indemnity, disclaimer, waiver or release before they are granted access to the

A safety auditor was engaged by an oil & gas exploration company to conduct a routine operational safety audit of an air charter operator. His client was particularly interested in the safety

A marine surveyor was appointed by the owners of a ship that had been involved in a major casualty which had involved significant loss of life. There were potential criminal charges arising out of

Often ITIC’s surveying members are asked by ship owners, with whom they have no contract, to sign an indemnity, disclaimer, waiver or release in favour of the ship owner, before they are granted

Cash to master payments can also be intercepted. A member of staff in a ship management company was suspicious of a message asking if cash to master could be sent directly to the ship agent’s foreign