A subsidiary of our international group, Ascoma Maritime offers insurance solutions to yacht owners. As the leading insurance broker in Monaco, we provide our clients with a multidisciplinary team of enthusiasts highly qualified and trained in maritime risk management.
Our position in the Principality of Monaco, the heart of the yachting industry, allows us to be in direct and regular contact with the various players in this sector. Our customers can also benefit from optimal insurance coverage offered by companies specialised in yachting.
Our numerous partnerships with leading insurance companies and syndicates in international markets allow us today to offer a range of coverage for luxury yachts at very competitive rates.
- Yacht insurance: a “Hull & Machinery” insurance policy for all prestige yachts, with no insured value limit or sailing schedule. This policy especially covers damage to yachts, and their engines, equipment, dinghies and other watercraft.
The “Ascoma for Yachts” programme is a range of cover offered by the leading Lloyd's syndicates with a minimum rating of A + to ensure our customers optimal security.
- Shipowners` insurance: a “Protection & Indemnity” insurance policy offered by the market`s leading P&I Clubs and members of the International Group. This coverage protects the owner`s third-party liability for the use and operation of their vessel.
Full P&I insurance includes coverage limits of $50 million to $1 billion.
- Crew insurance: an “accident and sickness” insurance policy for crew members, offered by specialized insurance companies in the sector and delivering multilingual assistance 24/7. This insurance covers the crew`s medical expenses as well as the reimbursement of their salary in case of a work stoppage (a requirement of the Maritime Labour Convention).
Assistance, advice and independence
Ascoma Maritime is a unique and independent representative whose core business is to protect the interests of its clients with insurance companies and third parties. Our teams combine proximity and technical expertise to provide you with constant and customized advice.
Experience and expertise
Our in-depth knowledge of the local characteristics and requirements of the maritime sector, the experience and technical expertise of our employees, as well as solid relationships established with the largest companies, are all assets which allow Ascoma Maritime to offer you advice and individualized contracts adapted to local and international needs, whether for companies or individuals.