Globalstar Insurance Brokers Limited

Specialized Marine Insurance Broker & Risk Advisor Since 2006

We understand the unique needs of each client and build long-term relationships through personalized service and expert insurance solutions.

About us

About us

Globalstar Insurance Brokers Limited, established in 2006, is a specialized insurance broker and risk advisor.

We are regulated by the Superintendent of Insurance in Cyprus and the European Union, and licensed to offer a wide range of insurance products and services across specific industry segments and specialties.

We focus primarily on marine insurance, combining our deep industry knowledge, extensive network, and the efficiency of our experienced team to deliver tailor-made solutions for each client.

Our company is led by a group of highly qualified professionals with a strong commitment to understanding and addressing our clients’ unique needs. By securing competitive terms and developing customized coverage, we ensure exceptional service and long-term protection throughout the entire duration of each policy.

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Insurance Solutions & Products

At Globalstar Insurance Brokers Limited, we are committed to delivering exceptional, personal, and professional service to every client. We understand that every business operates differently, and we take the time to build close relationships to fully understand each client’s specific needs.

By partnering with leading providers of insurance, reinsurance, and risk management services, we are able to offer competitive, customized solutions that align with your business goals and risk profile.

Yacht

Yacht – Megayacht Insurance

Globalstar Insurance Brokers Limited has both the experience and the network connections to provide bespoke products to ensure the best possible coverage at competitive terms. All the main types of coverage can be arranged including H&M, I/V, War Risks and P&I (including FD&D).

Protection

Protection & Indemnity

Hull & Protection & Indemnity insurance provides cover for third party liabilities, costs and expenses associated with the vessel operations such as cargo, crew liabilities (injury / loss of life), collision liabilities, war risks and other legal and tortious liabilities.

The P&I insurance is provided mainly by mutual insurance associations (IG Clubs) and also fixed premium Clubs. Most of the Clubs can also offer defence cover for legal costs i.e. Freight Demurrage & Defence (FD&D).

War Risks

War Risks and Kidnap & Ransom

War Risks insurance covers Hull and P&I risks of the vessel due to war and war related perils. The cover can be extended and tailor made for client’s needs and fleet profile, whilst offering competitive terms and wide coverage.

Kidnap and Ransom insurance provides coverage to vessel’s crew and vessel itself in case of piracy event where ransom and other expenses are incurred in such incident.

Cargo

Cargo

Our team can address the risks of companies with international import and export trade, and coverage can be provided includes but not limited to the following:

  • Transit insurance including road, rail, sea, pipeline, air, barge, and post.
  • War and strike risks,
  • Storage, stock throughputs,
  • Political risks,
  • Contractors working equipment,
  • Consequential loss (marine business interruption or projects)
  • Trade disruption,
  • Cable laying and maintenance
Strikes

Loss of Hire / Strikes Cover

Loss of Hire insurance covers the earnings following an incident causing physical damage to the vessel, excluding total loss. Coverage can be extended to include more perils (marine and non-marine).

Strikes

Errors and Omissions (Professional Indemnity)

Coverage against claims of negligent performance for intermediaries (Ship Managers, Crew Managers, Ship Brokers, Ship Agents, Supervisors, Consultants and others).

Machinery

Hull & Machinery / Ancillary Interests

Protection & Indemnity Machinery insurance cover vessel damage, total loss and collision liabilities (RDC / FFO). Tailored made policies for the uniqueness of each client where the policy form will be carefully selected and negotiate the best suitable terms. Our team has deep knowledge in ITC, ADS/DTV, Nordic Plan and AHIF. Ancillary Interests is an additional insurance which covers additional costs arising from the total loss of a vessel but also other interests such as equipment, disbursements, stores etc. This insurance will also cover financial interests in the increased value of the vessel relating to earnings’ potential.

Strikes

Marine Liability

Insurance covers for 3rd party exposures such as:

  • Charterers liability,
  • Port risks,
  • Ship repairer’s liability,
  • Towage liability,
  • Political risks,
  • Port & terminal operators,
  • Freight forwarder’s liability,
  • Ship agent’s liability
Strikes

Other Marine and Special Covers

We have the expertise and knowledge to arrange marine insurance policies for any other marine risk such as:

  • Cyber Risks,
  • Delay in delivery,
  • Construction / Conversion & repair risks,
  • Shipyards & related risks,
  • Offshore related risks,
  • Specialized coverage for Crew and other employees

Insights

Placing coverage with all leading marine insurers worldwide.

2006

Established in

200+

Vessels and clients

5

Strategic locations

75+

Combined experience

Our commitment to a better tomorrow

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