As one of the world’s most complex and tightly regulated industries, shipping generates huge numbers of claims each year. Indeed, Global Market Insights estimated in its report that in 2023, the global marine insurance market totalled a staggering $30.2 billion.
The shipping industry operates in increasingly demanding physical, commercial, legal and regulatory environments.
Put simply, there’s a lot at stake when it comes to maritime related claims.
CCM offers high-quality claims handling and risk management support in relation to all types of marine claims and disputes. Examples include:
- Marine liability claims – for maritime service providers such as salvage contractors and shipyards etc with exposure to Maritime Employers Liability (MEL), Comprehensive General Liability (CGL) and collision liability.
- P&I claims – for shipowners and charterers relating to third-party liability, pollution, wreck removal, cargo, personal injury or regulatory fines.
- Hull & Machinery claims - relating to damage to a vessel’s hull and/or machinery.
- Cargo claims - relating to the damage or loss of cargoes.
This experience is underpinned by an acute grasp and understanding of the complexities and challenges typically presented by these claims.
We also understand the many factors that can impact operations and shape the claims landscape. These may include geopolitical tensions, fluctuating energy prices, climate change and ever-changing sanctions regimes and regulations. We also understand that vessels in different trades (e.g. bulk cargoes, food cargoes, container shipping) face different operational challenges and particular types of claims.
Maritime claims can have unique characteristics - which is why it’s essential you choose a business that has handled cases on behalf of the biggest names in maritime and shipping.
Speak to CCM today - expert claims management you can trust.
