Newsletter covering Super Yacht Industry, Marine Trades & Leisurecraft Sectors

1. I n s u r a n ce R i s k & C l a i m s Ma n a g em en t L t d
Summer 2010
Marine Insurance & Risk Management
Going Global!
Sealine & Palmer Johnson switch to IRCM
IRCM, the specialist Marine
Division of the award winning
KGJ Group, has been ap-
pointed by the US Leisure
Industry giant, the Brunswick
Corporation, to manage the
insurance program of its lux-
ury motorboat manufacturer,
Sealine.
The Kidderminster-based
manufacturer of modern and
spacious sport cruisers and
INSIDE THIS ISSUE: flybridge motor yachts is the Sealine’s T60 Aura
latest prestige boatbuilder to
Marine Trades News 2 appoint IRCM track record in proactive
claims support and risk man- The appointment of IRCM by
Super Yacht Sector 2 agement services in the Ma- Sealine comes on the heels
Richard Cox, Managing Direc- rine Sector”.
tor of KGJ said “The appoint- of the Wolverhampton-based
Fletcher Boats 3 ment of IRCM by the Bruns- broker securing the insur-
wick Corporation is a further Brunswick also own brands ance contract with Palmer
Dunkirk Return 3 endorsement of our expertise such as Bayliner, Boston Johnson Yachts (UK), includ-
in delivering blue chip Marine Whaler, Mercury and Mariner ing the provision of builders
Kenya Jacaranda 3 Insurance solutions. in addition to being joint own- risks insurance management
ers of Cummins Mercruiser for vessels being built in the
Diesel. IRCM will be support- UK.
Health & Safety 4 Carl Holland of Sealine said ing Brunswick dealers in the
“One of the main factors in UK by sourcing exclusive
Newsround 4 the decision to appoint IRCM Richard Ward of IRCM said
insurance premiums for their “We are delighted to be work-
was based on their proven businesses.
About IRCM 4 ing with one of the World’s
leading manufacturers of
Super Yachts. Our commit-
ment to providing bespoke
programs with a scope of
cover not traditionally avail-
able in this sector, means we
are able to deliver a truly
unique service to the Super
Yacht industry”.
IRCM is able to provide all
classes of insurance to its
clients ensuring a seamless
IRCM is part of the award-winning and cost effective solution is
KGJ Group of Companies delivered.
Palmer Johnson’s PJ 150 Sports Yacht
Brunswick Dealers interested in obtaining competitive insurance quotations should contact Mark Elcocks,
IRCM’s Specialist Risks Manager on 01902 796 793 or markelcocks@kgjgroup.co.uk

2. Page 2 I R C M— M or e th a n ju s t a b r ok er
BOWLINE® FOR MARINE TRADES
IRCM’s trademark Bowline
insurance concept is being
extended to IRCM’s Ma-
rine Trades clients.
Bowline is based on sourc-
ing a bespoke insurance
program from available
markets that ensures the
precise requirements of
the business are matched
to the most appropriate
products at the best avail-
able premiums.
Yacht Bowline for Marine
Trades is designed to
Management Palmer Johnson’s World Yacht
Companies: prevent the gaps in cover
that typically occur when
businesses buy direct from
We can source insurers or underwriting
comprehensive & agencies.
bespoke insurance Covers such as Directors &
Officers Liability, Employ-
programs for you and ment Practices Liability, Spe-
your clients. cial Types Road Risks Cover,
Professional Indemnity, as
well as Health & Safety, Risk
Management and in-house
Competitive Premiums claims support are all pro-
& Outstanding vided as part of Bowline.
Introducer Commissions Palmer Johnson’s PJ 170 Sports Yacht
No restrictions on size New Insurance Facility for Trades Servicing Super Yacht Sector
of vessel
Businesses providing are protected against only £750 the policy is
components to the super their product failing in the within the compass of the
Call Mark Elcocks yacht sector have access purpose for which it was sole trader as well as the
to a new and exclusive designed - protection that SME market.
01902 796793 insurance facility through is excluded on most other The policy also automati-
IRCM. Underwritten by Marine Trades policies. cally includes benefits such
Catlin, specialist insurers Mark Elcocks, Specialist as Directors & Officers In-
to high-risk marine, auto- Risks Manager at IRCM demnity and Commercial
motive and aerospace said “Many business own- Legal Expenses insurance
trades, the exclusive ers believe that their prod- — essential protection for
scheme is suitable for ucts are indemnified businesses in a climate
businesses that provide against failure if they where litigation against
components and parts to have products liability management for the deci-
the Super Yacht and Ship insurance—this simply is sions they take as company
Building Sectors. not the case. With the directors is now prevalent.
In addition to the A Rated potentially huge claims For further information tele-
security of Catlin, the new potential in this sector phone Mark Elcocks or
scheme provides product businesses need to fully Steve Rollins on 01902
efficacy cover as a stan- indemnify their products” 796 793.
dard benefit under its IRCM’s new facility closes
Products Liability Section.
This means businesses
this gap in cover and with
premiums starting from Bowline®

3. I R C M— In su r in g Y ou r A d v en t u r e s Page 3
Fletcher Boat Scheme Relaunched
Major sports boat manu- Would you like an
facturer, Fletcher Boats,
recently appointed IRCM insurance scheme to
to manage its business
insurance program. IRCM offer your customers?
Director Pat Ward, who
used to be the UK’s larg-
est Fletcher Boat dealer We can tailor an
before founding IRCM insurance scheme to suit
said “Fletchers is a brand
with Worldwide recogni- your clientele
tion and we are delighted
to be working with them”. alongside sister company vides automatic cover for
Over 80,000 Fletchers SBS Trailers. The busi- waterskiing, wakeboard- Call Mark Elcocks on
have been built since the ness also carries out re- ing and towing in addition 01902 796 793 for
brand was first launched pairs for owners and has to several other unique
and the new IRCM insur- an extensive spare parts features. further details
ance scheme is available section. Please telephone IRCM’s
to owners of any model, In addition to pledging to Senior Leisurecraft Under-
new or used. offer the most competitive writer,Sarah Fitzgerald for
Fletchers are manufac- premiums, the Fletcher further information on
tured in Wolverhampton Boat Scheme also pro- 01902 796 793
Classic & Historic Vessels
Kenya Jacaranda Heritage Sailing is a
registered charity devoted to restoring
the 1925 Cornish Trawler, Kenya Jaca-
randa to its former glory and to then pro-
vide sailing experience to people from all
walks of life. “KJ” (pictured left & below)
is one of the latest historic vessels to join IRCM provide
IRCM. Members of the public interested
in assisting the charity should visit insurance for hundreds
www.kjappeal.org for further details.
of Classic and Historic
Every 5 years The Association of Dunkirk Craft and manage
Little Ships (ADLS) organises a cross- insurance programs for
channel return to Dunkirk. Over 50 Little
Ships made their way from Ramsgate to many of the UK’s
Dunkirk at the end of May to mark the
70th anniversary of Operation Dynamo. premier Classic
HMS Monmouth, a Type 23 Duke Class
Frigate acted as escort ship for the cross-
Boatbuilders and
ing and ceremonies in Dunkirk. Restorers
IRCM, who insure many Little Ships on its
Classic Boat Scheme, was able to assist
other owners with additional cover to
make the crossing, in addition to organis-
ing special event cancellation cover for
the voyage. Further details about the
Association and its Register of vessels
can be found at www.adls.org.uk.

4. Page 4 I R C M— M or e th a n ju s t a b r ok er
I n su r an c e R i s k & C l a im s
M a n ag e m e n t L t d
Important Health & Safety Alerts
Three Charter Court
Broadlands
Wolverhampton
WV10 6TD
Health & Safety Update resulted in 150 people Corporate Manslaughter
being evacuated through
Part of the award-winning KGJ Group of The Fire Safety Engineering
A record fine of £400,000 the main entrance of the The Sentencing & Advisory
Companies Magazine ofrecently pub-
with costs £136,000 premises directly under- Panel (SAP) has recently
lished detailsagainstrecord
was awarded of a a neath a fire on the floor indicated that for Health &
fine of in November with
business £400,000 above. The Chairman of Safety breaches causing
costs for breach of 2 which
2009 of £136,000 the London Fire & Emer- death, the resulting fine will
Phone: 01902 796 793
Fax: 01902 796 797 was awarded safety leg-
breaches of fire against a gency Planning Service seldom be less than
E-mail: markelcocks@kgjgroup.co.uk business One of the
islation. in November said “Good business man- £100,000 and will likely be
E-mail: RichW@kgjgroup.co.uk measured in £100,000s or
2009 forresulted from an
charges 2 breaches of fire agement includes taking
safety legislation following
inadequate fire risk as- responsibility for fire more.
a fire at its premises.found
sessment which was One safety, knowing the law Newly published guide-
of have acharges of flaws,
to the number resulted and acting on it” lines reveal Corporate
from an no record of the
including inadequate fire Manslaughter fines will be
risk assessment which was
appropriate action to be Is your fire risk assess-
ment up to date? All no less than £500,000
found during a a number of
taken to have fire alarm.
IRCM clients can and may run into millions.
IRCM is the Specialist Marine flaws, including was insuffi-
Another breach no record
brokerage of the KGJ Group of of thestaff training action to
cient appropriate which download a FRA proforma Protection against such
Companies. be to the delayed evacua-
led taken during a fire from the download area astronomic penalties is
alarm. the Another breach
tion of premises during of our Health & Safety available via IRCM’s Direc-
Our claim to be “More than was insufficient staff train-
a fire and also resulted in website at tors and Officers Insurance.
just a broker” is based on our ing which led to evacu-
150 people being the de- www.kgjhealthandsafety. Call Mark or Richard now
commitment not just to pro- layedthrough the main en-
ated evacuation of the co.uk for further information.
vide the very best possible premises during a fire and
advice and cover options at
the best possible premiums
but to back this up with the
best possible after sales ser-
vice.
.. Newsround .. Newsround .. Newsround..
This includes allocating you a Some insurers are already
named consultant to look after recommending tracking
your administration in addition devices be fitted to the
to providing you with in-house
higher powered Japanese
claims support from our
award-winning claims handling four-stroke motors that
team. seem to be particularly
targeted.
Some 300 marine businesses
and almost 1000 private boat New Tractor & Special
owners currently benefit from Types Insurance Under-
the support of our insurance written by Aviva, IRCM’s
services. new Tractor & Special
Types insurance policy
We consistently deliver sub- bridges the gaps in cover
stantial premium reduction to that could cost Marine
our commercial clients, aver- Outboard Theft Epidemic most counties have been businesses thousands.
aging annual savings of 29% With over 500 reported hit and Wales has almost Registered vehicles are
over the last 18 months outboard thefts in the last 50 reported thefts. Whilst not insured on Marine
across the whole marine sec- insurers continue to press
tor.
12 months, the problem Trades policies nor are
has reached epidemic manufacturers to intro- unregistered vehicles
proportions. A third of the duce initiatives such as when travelling on or
IRCM is authorised & regu- thefts involved outboards installing Datatag chips crossing public roads or
lated by the Financial Services in excess of 50hp or on all new outboards, potentially in areas such
Authority owners should be alert to
£7,500 in value. More as harbour areas where
than half of the thefts are any changes in their the public have access.
centered in the Hamp- leisurecraft insurance IRCM’s new policy offers
Bowline® shire, Dorset, Devon and
Cornwall region, although
terms when their renewal
invitations are received.
full Road Risks Cover
from only £25 per vehicle.