War Risk Insurance
Specialist protection for an increasingly complex world.
War, terrorism and geopolitical instability can create exposures that
standard marine insurance is not designed to cover.
War Risk Insurance provides specialist protection when vessels
operate in or travel through higher risk environments.
Why is War Risk Insurance separate?
Standard marine policies do not necessarily cover losses arising from war and related geopolitical events.
Many of these risks are specifically excluded from standard Hull & Machinery and P&I policies and therefore require dedicated insurance arrangements.
War Risk Insurance can be structured alongside the vessel’s main marine insurance programme to address these exceptional exposures.
Additional Premium Areas
What can War Risk Insurance cover?
Conflict & hostile acts
- War and civil war
- Hostile acts
- Terrorism
- Mines and weapons of war
- Malicious acts
Seizure & piracy
- Capture and seizure
- Certain piracy related exposures
- Kidnap & Ransom (K&R)
- Certain confiscation exposures
Liabilities & extensions
- War P&I liabilities
- Crew War Risks
- Loss of HireWhere arranged
War risk is dynamic
Unlike many traditional marine risks, geopolitical exposure can change quickly.
A navigation area considered acceptable today may become subject to additional underwriting requirements or premiums following a change in the security environment.
For certain voyages, insurers may require advance notification before the vessel enters a higher risk area.
Additional premiums may then apply depending on the location, vessel, duration of exposure and geopolitical situation at the time of the voyage.
When can War Risk Insurance become relevant?
Higher risk navigation
A vessel needs to transit through a region subject to increased geopolitical tension.
Charter itinerary
A commercial yacht receives a charter request involving a higher risk navigation area.
Changing security conditions
The security environment changes while a vessel is preparing an international voyage.
In these situations, specialist market access and responsive broking become particularly important.
A voyage may require specific approval
War Risk Insurance is not always arranged on exactly the same basis as conventional marine insurance.
Depending on the navigation area, insurers may apply specific conditions, require notification or charge an additional premium for a particular voyage.
This is why it is important to talk to your Be Protected Yachting specialist early, before entering a potentially higher risk area.
What do insurers look at?
War risk terms depend on the vessel, the planned voyage and the security environment at the time of the exposure.
The vessel & cover
- Vessel type and profile
- Flag and ownership
- Insured value
- Requested cover and limits
Voyage & exposure
- Planned route and ports
- Navigation areas
- Entry and exit dates
- Duration of exposure
Security & conditions
- Current security environment
- Risk mitigation measures
- Advance notification
- Specific voyage conditions
Who is it for?
War Risk Insurance can be relevant for a wide range of owners, operators and managers, including:
Private boats
Sailing yachts
Motor yachts
Charter vessels
Specialist risks require specialist access
War Risk Insurance requires both marine expertise and access to specialist insurance markets.
We review the vessel, proposed navigation and exposure before seeking suitable insurance terms.
As geopolitical conditions evolve, we also help clients understand when additional notification, approval or premium may be required.
- 01
Understand
We review the vessel and intended navigation.
- 02
Structure
We identify relevant geopolitical exposures.
- 03
Place
We approach specialist marine insurance markets.
- 04
Support
We assist when voyages or risk conditions change.
