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Everyone makes mistakes. It is human to do so. Sadly some mistakes made by a ship agent or shipbroker result in financial loss for a principal or customer. This customer then expects you to…

Loss of commission insurance is as essential for shipbrokers and ship managers as business interruption protection insurances are to other businesses. The loss caused by, for example, the sinking of…

Whenever you are appointed by a client, you must make sure that the terms of your appointment are recorded in your contract. It is usual for such a contract to be in various parts. For example, you…

ITIC are exhibiting at Oceanology International 2014 from the 11th -13th March. Come and see us at the global forum for ocean technology and marine science! Throughout Oceanology ITIC will be…

ITIC provides an insurance related contract review service to all of its members. As the leading professional indemnity insurer for the offshore and hydrographic sector, we are often asked to review…

Historically, offshore and hydrographic professionals have chosen not to purchase professional indemnity insurance, unless requested by the contract. The view being that they have been working for…

The following selection of articles are intended to provide both interesting reading for you and practical loss prevention advice, which can be passed onto your clients. Did you know that: ITIC…

Kevin is ITIC’s Broker Development Manager, with one of his responsibilities being to maintain strong links with the insurance broking community. Kevin started at Thomas Miller in 1987 and joined…

Over 80% of ITIC’s annual premium is produced by insurance brokers and as such the insurance broking community is a very vital part of what makes ITIC the successful insurance company that it…

What is it? Professional indemnity (PI) insurance, also known as errors and omissions (E&O) insurance is a liability insurance that covers businesses in the event that a third party alleges they…