Hellenic War Risks cover – How it works
It is easy to join the 70% of Hellenic shipping that is covered by Hellenic War Risks Membership with our simple 3-step process.
Step 1 – establishing the cover your fleet requires
The cost of Membership will depend on the number and type of ships in your fleet, their value, the risks they encounter in their everyday operation and the geographic regions they work in. You can use our online forms or contact our underwriting team to discuss the details.
Step 2 – initial quotation
We can often raise an initial quotation within 48 hours. Unlike non-specialist providers, the club underwrites your ship or fleet itself. This simplifies the process for our Members and keeps costs competitive.
Step 3 – due diligence and compliance
Many Hellenic ships have sophisticated financing, which means that multiple parties will require proof of cover and compliance with various levels of protection. The Hellenic War Risks Club will take care of these issues, liaising with relevant third parties to get cover in place, quickly and efficiently.
Additional Premiums for high-risk areas
To keep overall policy costs down, the Hellenic War Risks Club calculates premiums on your ships’ standard operating schedule and then applies an Additional Premium as and when each individual ship enters a known high-risk area. One call to the team is all you need to organise Additional Premiums.
In the event of a claim
In the event of a claim Hellenic War Risks is a Members club. From the minute you have a potential claim, our claims process is designed to support you.