In spite of the fact that clients are usually welcome by Insurers there are a lot of restrictions and limits by underwriting politics of each Insurer. It means that the insurer prefers not to provide a quota for some subject matters due to some reasons such as a reinsurance treaty, out of the target market, difficult claims handling in a certain area of the world and etc.
The good news is that the world is big and almost for all potentially insurable risks you can find a proper insurer.
What is Hard Place Risk
For example, a newly established enterprise has purchased an old vessel aged 40 years . A lot of insures will not agree even to quote it just because it is a singleton, others due to the age of the vessel and some insurers will not agree to insure the risk due to the fact that it is a newly established operator so there are no records of its activity.
Other
But we can help to get a cover for such vessel for this client as we know the market and work with the underwriters who write such risks
There are numerous hard place risks such as
- singlton risk
- age of the subject matter ( Vessel, aircraft and etc)
- Unusual cargoes
- Special vessels and their operations
- and a lot more
We can find a solution for almost all difficult tasks related to insurance!
However, we do not provide an insurance solution for any request.cause it may be against the law or our ethic standards. For example we do not provide any cover which is in infringement of sanction regimes, or local and international law.
We are waiting for your inquiries and are ready to help, even if your task seems uneasy.