The shipping industry employs in excess of 1,500,000 seafarers globally. The demand for high quality officers and ratings will increase as ship design and equipment becomes more sophisticated. Shipping companies wishing to maintain a competitive advantage over their competitors invest heavily in tools to attract, train and retain the top seafarers. Such investment results in happier and healthier seafarers, a safer working environment and less incidents on board. V.Scope will work with your in-house crewing organisation to develop industry leading insurance solutions that promote the health and wellbeing of your seafarers and ensure compliance with industry legislation.
Find out how we’re committed to seafarer wellbeing through insurance.
In recent years, with the advent of stricter legislation relating to a shipping company’s duty of care to the seafarers, many companies are choosing to invest in a benefit scheme for their seafarers similar to that providing to shore-based staff. V.Scope has access to the leading industry providers of worldwide healthcare insurance products, with many products developed solely with the aim of supporting ship owner and ship managers to fulfil their obligations under the Maritime Labour Convention (MLC 2006).
This insurance product allows a shipping company to provide a consistently high level of care to a multinational seafarer pool as opposed to relying on insurance solutions in the seafarers’ country of domicle. This allows ship owners to take advantage of their economies of scale and obtain competitive priced insurance for their seafarers with A rated insurance companies.
Cover is available to the seafarer whilst on leave in their country of domicile and can be extended to include year round insurance and support to the seafarer’s immediate family.
Combined with our Crew Cover, this provides the seafarers with year round access to the best insurance cover available in the industry.
V.Scope is able to facilitate standalone crew cover for ship owners and their managers to respond to your legal, contractual liability towards the crew. Cover includes traditional crew liabilities including costs and expenses arising under a crew employment contract and/or collective bargaining agreement, as well as diversion costs, life salvage, fines and disinfection and quarantine expenses.
High limits of cover are available, as well as deductibles levels to reflect a company’s particular appetite for risk retention.
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