Our K&R insurance offers worldwide, professional security and crisis management for offshore and onshore employees.
Norwegian Hull Club’s K&R insurance covers not only sea-and-land-based employees but their relatives, partners, children, guests and visitors. It is delivered in co-operation with leading global crisis and marine consultants.
Safety and Crisis Management
Our crisis managers – available 24/7 - and staff work closely with the Assured's crisis team to generate tailored strategies to negotiate with kidnappers, deliver the ransom and provide humanitarian emergency aid.
Cost Coverage for Crisis Prevention and Crisis Management
Norwegian Hull Club’s K&R insurance is written in co-operation with Hansekuranz Kontor, a specialist underwriting agent. It provides peace of mind by covering the cost of crisis management, both preventive and in the event of an incident.
A kidnapping or extortion – whether sea or land based – imposes a significant financial burden on a company, with the ransom frequently representing only a small fraction of the total costs.
K&R insurance covers the entirety of costs associated with such a crisis. These can include: reimbursement of ransom; charges and expenses for negotiators; fees for interpreters and PR consultants; travel expenses; cost of medical and psychological treatment; continued pay for the victim; financial payments for the consequences resulting from an accident or in the event of death; bunker costs; port dues; cost of technical equipment; salaries for replacement crew; evacuation costs; loss of hire.