Boiler and Machinery. Fidelity coverage is available. Perils covered include the following. Inside and Outside Holdup Safe Burglary Burglary of Stock Extortion Forgery and Counterfeit Paper Currency Employee Dishonesty Property generally includes the following. Money and Securities Merchandise Equipment or Other Property Marine.
All typical coverages are available as in the U.S. market.
Ocean marine coverages are also seen on large international programs as part of the property wording. With the smaller mid-market accounts, separate ocean marine policies are usually written by specialized writers. Major international reinsurance companies dominate the market for the very large risk management projects. The policy wordings follow the European coverage models. Many companies have the ability to cover small projects, and rates are very competitive.