Guarantee and deposit insurance in the event of temporary seizure of a vessel

For every skipper, the seizure of a vessel is like a worst nightmare and is becoming an increasingly serious problem, especially in Mediterranean countries. Namely, in the event of an accident at sea, in relation to actual claims, and often also possible future claims that the parties involved in the accident may establish on the basis of the master's liability, it may happen that the authorities seize the boat until the claim is settled, and this may take some time. In particular in the case of accidents with injured persons, the authorities may resort to criminal law measures. In such a case, for example, a surety may be used to obtain a temporary exemption from prosecution.

The skipper is insured in such a way that any sums which the insured person has to deposit in order to be provisionally exempted from prosecution must be paid in advance (criminal bail). The insured value is limited to a maximum of EUR 50 000 up to a maximum of EUR 200 000 and the premium starts at EUR 20. This type of insurance is subject to a contract of insurance against the liability of the skipper.

For a policy please contact us HERE.