Haven Knox-Johnston Commercial has recently introduced a new Marine Trade Insurance policy to enhance its range of products for customers.

Scheduled for availability starting January 2025, this policy aims to simplify insurance processes for small and medium-sized enterprises within the UK marine trade industry.

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With a focus on offering a comprehensive solution, Haven Knox-Johnston strives to deliver easily understandable coverage tailored to the complexities of the marine sector, all presented in straightforward language.

This particular policy marks the first addition to Haven Knox-Johnston Commercial's insurance products for the UK marine trade industry in over ten years.

Developed internally by the Haven Knox-Johnston Commercial team, the Marine Trade Insurance policy is a result of the company's dedication to providing modern and purposeful insurance solutions.

Speaking on the new policy, Malcolm Stewart, the manager of Haven Knox-Johnston Commercial, highlighted its enhanced coverage and the commitment to maintaining a specialist product for the UK marine industry.

The language used in the policy reflects Haven Knox-Johnston Commercial's ongoing efforts to address the specific challenges encountered by the marine trade sector.

Key risks covered by this policy include third party liability, material damage, employers’ liability, business interruption, goods in transit, marine hull and liabilities, and boat builders’ risks.

Underwriting for this coverage is provided by Tokio Marine HCC, a company rated A++ (Superior) by AM Best, ensuring reliable financial backing.