04/09/2026
Tomorrow Insurance Seminar via Zoom
# OCEAN POSSE MARINE INSURANCE SEMINAR
1. Fundamentals of Marine Insurance
Types of marine policies (Agreed Value vs. Actual Cash Value)
Key coverage elements (Hull, Machinery, P&I, Liability, Crew, Salvage)
Common exclusions every captain should know
2. Coverage for Long-Range Cruisers
Global navigation coverage – where you are insured (and where you aren’t)
Seasonal restrictions (hurricane/cyclone boxes, named storms, etc.)
Extended cruising areas – adding Caribbean, Pacific, Mediterranean, etc.
Liveaboard considerations *
3. Risk Scenarios and Real Examples
Groundings, collisions, and storm damage
Lightning strikes – prevalence and claims handling
Theft, piracy, and political instability in certain regions
Canal transits (Panama, )
Wreck removal requirements
4. Safety Requirements & Underwriting
Survey requirements (before binding and periodic updates)
Safety gear and maintenance standards insurers look for
Importance of logbooks, maintenance records, and safety drills
Crew experience – why insurers ask about captain & crew background
5. Claims Process – How It Really Works
How to file a claim at sea or abroad
Documentation captains should always have ready
Typical timelines for settlement
Do’s and don’ts when communicating with insurers after an incident
6. Cost Control & Discounts
How premium is calculated (vessel type, value, cruising area, safety record)
Loyalty discounts, loss-free credits, safety training benefits
Group/fleet discounts (such as Ocean Posse Insurance Program)
7. Special Coverage Considerations
Tenders, dinghies, and toys
Electronics and personal effects
Haul-out & storage during storm season
Chartering or carrying paying guests (if applicable)
Medical evacuation and repatriation options
8. Legal & Regulatory Issues
Flag state implications for insurance
Local insurance requirements in certain jurisdictions (Brazil, EU, etc.)
Non-circumvention and working with approved surveyors/agents
9. Ocean Posse Insurance Program Highlights
Guaranteed issue for members
Simplified underwriting
Locked-in multi-year pricing
Personalized oversight and Q&A support
Seamless integration with Ocean Posse resources
10. Q&A / Open Discussion
Members’ real-life stories with claims or insurer interactions
Regional concerns (hurricane prep, piracy, trans-ocean crossings)
What coverage gaps captains fear the most
https://oceanposse.com/events/marine-insurance-seminar/