Himaya Iraq has in its group an in-depth knowledge in placing insurance marine, aviation and war risks including insuring the following:
Starting with an Enterprise comprehensive and holistic approach in order to understand Your Company and assess its risks, to organize the transfer of a sizeable part of its risks to insurance companies (as per the risk appetite of Your company) and to offer bespoke risk management solutions.
Assisting and advising You in filling all insurance proposal forms and preparing the submission file to the underwriters.
Doing the necessary insurance market exercise through benchmarking premiums, insurance offers and policy types etc... Thanks to our market knowledge.
Assisting, providing a legal support and advising You throughout the life of the claim from the initial notification of the claim and management of insurers’ experts while representing your interests to liaising with the loss adjustors. By working with all of the stakeholders, we develop a claims strategy that puts in place the fundamentals needed to deliver on the insurance policy.
Assigning one Account Executive in charge of Your Company from A to Z who acts as a single point of contact.
Checking if the choice of your chartered vessels is in accordance with your marine insurance policies by reviewing the P & I club certificates and class of vessels.
Guiding You in preserving Your right s of recovery against shipping lines/airways/transporters through our knowledge of :
To deliver on your duty of making a fair presentation of the risk to insurers containing all material circumstances which you know or ought to have known.
If you are in doubt as to whether information is material, it is best to disclose it since rarely disclosure will prejudice you, whereas non-disclosure certainly will.
Disclosure to include:
A material fact is one that is likely to influence the judgment of an insurer when determining whether to provide a business with cover and at which premium.
To insure through a Marine Open Cover rather on declaration basis
To cover on a warehouse to warehouse basis
To protect the rights of recovery of the insurer as per your contractual obligation
To immediately inform your insurance broker of any claim in order to be guided properly
To have the incoterms in mind when you take decisions on your insurance
AT THE TIME OF THE CLAIM IT IS TOO LATE! “TO GOVERN IS TO FORESEE..."
