Risk
Piracy

Piracy Risk Management

Aon’s end to end piracy risk transfer and response solutions ensure your vessels, cargo and crew are protected against the increasing threat of piracy.

With incidents of piracy in the Gulf of Aden and Indian Ocean escalating, the shipping industry needs to protect its interests and ensure that assets stay on the move.

Ship owners, managers and charterers are faced with increasing problems in safeguarding their assets and crews and insuring against associated costs, expenses and loss of revenue.

Flexible solutions

Aon’s unique approach to maritime security risk transfer and pre and post incident consultancy offers a broad range of flexible options to protect your assets and people when navigating through high risk waters.

Aon’s end to end maritime protection solutions allow you to adopt a blended approach, ensuring your risk management focus is appropriate and cost effective.

Risk transfer

Aon’s proprietary marine piracy policy covers vessel and crew and meets the costs of dealing with incidents of piracy, including immediate, unlimited access to response consultants.

In addition to the reimbursement of ransom, the policy covers loss of ransom in transit, cost of delivery of ransom, loss of bunkers, costs of additional port calls, other associated costs and can also be extended to include loss of hire.

Markets

Aon offers products from a wide range of insurers. This ensures that we are able to offer a number of options relative to price, coverage and response consultants.

Pre incident prevention and advice

  • Security and vulnerability assessments
  • Voyage risk assessment
  • Risk monitoring and advisory services
  • Training of company management teams, ships’ officers and crews in anti-piracy measures and procedures
  • Crisis management planning
  • Training

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Crisis Management

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