Dear Clients, Greetings from Beacon Insurance Brokers Private Ltd. Looking to the ongoing escalation in Red sea and Gulf of Aden, Cargo insurers have come up with notification regarding cancellation of War, SRCC, Hijacking and Piracy risks. Please refer to the below circular: Circular It is advisable to connect in case of any ambiguity or query.

Dear Client, Greetings from Beacon Insurance Broker!!! We are continuing to our previous communication in regard to Israel-Palestine conflict. Where we had conveyed regarding probable impact on our Marine cargo policy in future. We would like to inform you that War & Srcc cover under marine cargo policy has been withdrawn W.e.f 20/10/2023 by some of the insurers (HDFC, ICICI,...

DEAR CLIENT, As a part of our effort to keep you updated regarding developments taking place all over the world. We are committed to our promise in smooth functioning of commercial activity over the years. Since world is experiencing many demographic disturbances like climate change, earthquakes, ongoing wars. Unfortunately one new such development has taken place in the form of...

Dear Sir/ Madam, Greetings from Beacon. Most of time we have impression that warehouse is safe risk and neglect safety aspects. But the history says something different – frequency and severity both are there. Beside risk prevention facility , housekeeping is very important factor. I am sure that this read will be useful to you and to your organisation. Hazards...

Dear All, This is with reference to marine insurance claim trends over the years and factors leading to these severity and frequency of marine claims. Fire & explosion emerges as the biggest challenge for marine underwriters over the world like engine room fire and fire caused by Li-on(Lithium Ion battery). Other causes which have major impact in marine claims have been...