OCEAN POSSE MARINE INSURANCE SEMINAR
1. Fundamentals of Marine Insurance
- Types of marine policies (Agreed Value vs. Actual Cash Value)
- Key coverage elements (Hull, Machinery, P&I, Liability, Crew, Salvage)
- Common exclusions every captain should know
2. Coverage for Long-Range Cruisers
- Global navigation coverage โ where you are insured (and where you arenโt)
- Seasonal restrictions (hurricane/cyclone boxes, named storms, etc.)
- Extended cruising areas โ adding Caribbean, Pacific, Mediterranean, etc.
- Liveaboard considerations
3. Risk Scenarios and Real Examples
- Groundings, collisions, and storm damage
- Lightning strikes โ prevalence and claims handling
- Theft, piracy, and political instability in certain regions
- Canal transits (Panama,ย )
- Wreck removal requirements
4. Safety Requirements & Underwriting
- Survey requirements (before binding and periodic updates)
- Safety gear and maintenance standards insurers look for
- Importance of logbooks, maintenance records, and safety drills
- Crew experience โ why insurers ask about captain & crew background
5. Claims Process โ How It Really Works
- How to file a claim at sea or abroad
- Documentation captains should always have ready
- Typical timelines for settlement
- Doโs and donโts when communicating with insurers after an incident
6. Cost Control & Discounts
- How premium is calculated (vessel type, value, cruising area, safety record)
- Loyalty discounts, loss-free credits, safety training benefits
- Group/fleet discounts (such as Ocean Posse Insurance Program)
7. Special Coverage Considerations
- Tenders, dinghies, and toys
- Electronics and personal effects
- Haul-out & storage during storm season
- Chartering or carrying paying guests (if applicable)
- Medical evacuation and repatriation options
8. Legal & Regulatory Issues
- Flag state implications for insurance
- Local insurance requirements in certain jurisdictions (Brazil, EU, etc.)
- Non-circumvention and working with approved surveyors/agents
9. Ocean Posse Insurance Program Highlights
- Guaranteed issue for members
- Simplified underwriting
- Locked-in multi-year pricing
- Personalized oversight and Q&A support
- Seamless integration with Ocean Posse resources
10. Q&A / Open Discussion
- Membersโ real-life stories with claims or insurer interactions
- Regional concerns (hurricane prep, piracy, trans-ocean crossings)
- What coverage gaps captains fear the most
ZOOM MEETING DETAILS>
Login | Register for this info
