Tailor-made, flexible insurance for charterers and traders. Make sure you’re covered for a range of factors, such as cargo, pollution, people and fines. With ever-expanding threats to your operations and the ability to trade, make sure your business is protected.
Discover more about North and how our Charterers and Traders insurance can support you.
Want to know more?
Contact Richard Bracken or your usual underwriting contact on +44 191 232 5221
What We Do
Rather than just offer generic cover, we listen to your needs and create tailored insurance that’s specific to you. We provide comprehensive cover with a high degree of flexibility; it’s why we’re the preferred provider to many major and well known charterers and traders.
Charterers and Traders Insurance FAQ's
What is charterers and traders insurance?
North’s charterers and traders insurance provides cover for time and voyage charter party and traders. With the risks of contractual liabilities, non-contractual liabilities and indemnities, we offer adapted, tailor-made insurance to meet your specific needs and ensure that your business is protected.
What is the scope of Charterers and Traders cover?
North offers tailor-made policies that are adapted to our Members’ needs. Our cover offers protection against cargo, pollution, people, and fines. Rather than simply offering generic cover, we listen to your needs and create tailored insurance that’s specific to you. We provide comprehensive cover with a high degree of flexibility; it’s why we’re the preferred provider to many major and well-known charterers and traders. Speak to our charterers and traders team today, to build your comprehensive policy.
Who should take out Charterers and Traders insurance?
North underwrites pure chartered business (time, voyage, slot and NVOCC) and, although some of our charterers also own ships, it is not a requirement or prerequisite of cover to have an owned entry. North’s charterers and traders policy is suitable for most types of trade within the shipping industry. Charterers do not need to purchase all the heads of cover we offer, but as we over a tailor-made service, you can select the level of cover needed that best accommodates your requirements.
Why should I take out Charterers and Traders cover?
Time, voyage, space and slot charterers face significant risks and exposures. These may be contractual liabilities and indemnities or non-contractual liabilities. In many circumstances, these exposures will be significant and could be a threat to ongoing operations and the ability to trade. An increasing number of charterers and traders protect themselves against these ever-expanding risks and exposures by purchasing tailor-made flexible liability cover with North.
What service does North offer?
With global offices, our highly qualified service team offers around the clock underwriting, claims and loss prevention support, 24/7, 365 days a year. Should you also take out Freight, Demurrage and Defence (FD&D) insurance, you’ll also get access to specialist legal advice. Each team member has immeasurable experience of working with charterers and traders and has a portfolio of handling legal claims.
Charterers & Traders: Key Areas
Why North?
With over 70 years of experience and expertise, more charterers and traders are choosing to be covered by North. You’ll have access to a dedicated team known for their service excellence, high limits, and cover that’s cost effective, flexible and comprehensive.
Why we’re a preferred providerCharterers & Traders Risks
Time, voyage, space and slot charterers face serious risks and exposures. From cargo and pollution, to salvage costs and personal injury claims, the risks can be extensive and the liabilities significant. Make sure you’re protected with the necessary levels of cover and support for your business.
See what’s coveredTailor-Made Cover
Build a suite of covers, terms and deductibles that meet your specific needs, with fixed premiums and flexible terms. Speak to our dedicated team who’ll be able to recommend the right approach for you, not something that’s off the shelf.
Learn more about Tailor-MadeOur Team
With our Charterers and Traders insurance, you’ll have direct access to a dedicated service team. We are available 24/7, 365 days of the year, and have extensive experience of working with charterers and traders and the problems they’re likely to encounter.
Depending on your needs, our service team will be made up of a Director, the underwriter and claims specialists, including those handling cargo, admiralty and people, and our expert Loss Prevention department.
Should you also take out Freight, Demurrage and Defence (FD&D) insurance, you’ll also get access to specialist legal advice.