Coverages: Financial Loss | Natural Disaster | Property Damage

With a parametric policy, businesses can be safeguarded against predefined events, filling coverage gaps left by standard ISR policies.

Coverages: General Liability | Marine | Product Liability | Public Liability | Statutory Liability

Marine Industry Combined Liability is designed to offer comprehensive coverage, from public and product liability to ship repairers' liability safeguarding their ventures on both water and land.
Appetite includes:
(i) marine and associated non-marine trades style risks
(ii) component and parts manufacturers
(iii) boat builders / shipwrights / ship repairers

Coverages: Property Damage | Business Interruption

Our team of Property experts are dedicated to working with you to provide effective solutions and outstanding service for complex medium-hazard risks. We have capacity of up to $55M LOL under our Industrial Special Risks (ISR) policy, and can participate 100%, or provide coinsurance support. Experience Pen Underwriting’s unmatched expertise in providing tailored coverage and competitive pricing on both our Epac policy for smaller limits/declared values ($2.5M or less) to our ISR offering.

Marine Bind’s Single Transit Cover is ideal for one-off domestic or international shipments. It covers accidental loss or damage to goods during land, sea, rail or air transit. Suited for irregular importers or exporters or companies that infrequently need cover for the local transit of their plant, machinery or equipment.

Marine Bind's New Wave Marine Boat Insurance offers comprehensive coverage for Australian-based pleasure-craft kept in marinas, on sheltered swing moorings or stored ashore. Policies provide broad coverage for accidental loss or damage of the craft and the legal liabilities of the boat owner.

Marine Bind's Annual Cargo Cover is designed for Australian domiciled companies and their overseas subsidiaries involved in importing, exporting and the local transit of cargoes. It offers extensive coverage for most types of goods that are containerised or otherwise transported by air, road or rail. Ideal for businesses that utilise temporary storage facilities at 3PL Distribution Centres from which they distribute their imported products to customers.

Coverages: Property Damage

Agile Underwriting Services offers Property Insurance with coverage based on the standard Mark IV Industrial Special Risks policy or bespoke policies tailored to specific needs, such as protection against fire, lightning, explosion, and aircraft-related incidents. With a lead or follow capacity of up to AUD 10 million, these products are deployed via intermediary clients and brokers, supporting open market, direct, and facultative risks. Additionally, Agile provides capacity support for both new and established coverholders. 

Coverages: Business Interruption | Contents | Property Damage

Australasia Underwriting's (AUPL) Industrial Special Risks (ISR) Insurance provides comprehensive protection for customers with Commercial asset values above $1m. This policy safeguards against physical loss or damage to property and offers optional business interruption coverage. Utilising the Mark V wording, it delivers tailored solutions to meet complex commercial needs.

Coverages: Legal Expenses | Marine

Marine Bind’s Supply Chain Risk Cover product provides a unique fusion of cargo, storage, delay, consequential loss, legal liability and legal expense coverage. This cover extends across the policyholders’ supply chains – from supplier through to customers – locally and internationally. Designed for all types of businesses but particularly with importers in mind. Companies are increasingly reliant on extended supply chains and are exposed to a wide range of diverse risk exposures that can impact their financial well-being. This policy delivers coverage not otherwise found on standard cargo policies.