Our customers get discounts on various security products
We are here whenever you need insurance.
Combined insurance for those who engage in coastal fishing, with the policy including both crew insurance and small boat insurance.
The premium for the insurance is an annual premium that takes into account fishing activity during the coastal fishing season.
Insurance can be complicated. To make things easier to understand, we have compiled all the key information about the insurance in an information document that can be viewed with the terms and conditions.
It is important to have the right insurance for your business, whether it concerns your employees, operations, or equipment.
We work closely with our business clients to ensure that their insurance reflects the needs of their operations at all times.
Permanent medical disability.
Daily allowances for temporary incapacity to work.
Death benefits due to an accident.
Support leave due to domestic violence.
Accidents caused by changes in working conditions, due to war, rebellion, or similar actions.
Accidents caused by terrorism.
Accidents that occur due to physical assault.
Accidents that occur due to gross negligence.
Accidents caused by food poisoning.
Accidents due to toxic gases unless sudden and unintentional.
Death due to illness.
Damage to crew members' personal belongings in the event of a maritime accident or fire.
Damage to money, checks, bonds, coupons, tickets, stamps, mortgage deeds, manuscripts, or other securities.
Damage if luggage receives scratches, dents, bruises, or abrasion that do not diminish the usability of the items.
Permanent medical disability.
Daily allowances for temporary loss of working capacity.
Death benefits due to an accident.
Accidents caused by changes in working conditions, due to war, rebellion or similar actions.
Accidents caused by terrorism.
Accidents that occur due to acts of violence.
Accidents that occur due to gross negligence.
Accidents caused by food poisoning.
Accidents due to toxic gases unless sudden and unintentional.
Total loss if the boat is destroyed.
Total loss if the boat sustains damage so severe that the cost of salvage and repair exceeds the amount stated in the policy.
Total loss if the boat is lost or disappears and no information has been received within three months of the company being notified of the disappearance.
Damage caused by fire, explosion, or lightning.
Damage caused by grounding, stranding, or sinking.
Damage caused by storms, earthquakes, avalanches, and landslides.
Damage caused by breaking waves.
Damage caused by collision with structures or drifting objects.
Damage if the boat breaks free from or sinks at a harbour or buoy.
Damage caused by break-in, theft, or vandalism.
Damage caused by a sudden and unexpected accident during launching or retrieval, as well as during transport to and from a storage location within the same jurisdiction.
The company covers the cost of salvage as well as reasonable costs for measures taken to prevent damage.
Participation in general average.
Damage to the boat while laid up, caused by fire, storms, drifting snow, avalanches, landslides, break-ins, vandalism, and volcanic eruptions.
Damage to machinery, drive systems, electrical systems, positioning equipment, communication equipment, radar, fish-finding equipment, line winches, and other similar equipment.
Damage to masts, sails, or rigging during organised sailing competitions.
Damage caused by inadequate maintenance, rot, fatigue, corrosion, wear, or similar causes. The same applies to damage attributable to design defects.
Damage to parts of the vessel that have material defects, construction defects, or repair defects.
Damage resulting from the vessel being unseaworthy when it last departed from port, being inadequately equipped or crewed, not having the necessary ship's documents, or not being properly loaded.
Indirect losses such as loss of catch and costs due to delays.
Damage caused by collision with harbour structures, another boat, or vessel, unless it involves a direct collision.
Damage to fish boxes, catch, and fishing gear, including trawls together with doors and wires, sensors and transmitters attached to fishing gear. The same applies to nets, lines, tackle, floats, buoys, and ground gear, as well as crew members' personal luggage.
Damage to a vessel or boat that is chartered, whether under a time charter or a voyage charter, unless such is approved by the Insurer and endorsed on the insurance certificate.
Damage to a vessel or boat used for passenger or cargo transport, unless such is approved by the company and endorsed on the certificate.
The liability of the owner, in accordance with Icelandic maritime law, which is a direct consequence of damage caused by the vessel during its navigation, whether it involves property damage or personal injury.
The cost of removing the wreck of the vessel.
Compensation claims from employees of the owner or operator.
Damage to items that the insured has on loan, rental, in storage, for sale, transport, or that are in their custody for other reasons, including items that the insured has taken without authorization.
Fines and other criminal penalties.
Indirect losses, such as loss of catch and costs due to delays
Damage to the boat's main engine.
Damage due to defects.
Damage due to normal use.
Damage due to inadequate maintenance.
Damage due to wear and tear.
Damage occurring during transport.
Damage due to excessive load.
Damage due to modifications not in accordance with manufacturer's instructions.
Damage due to the engine exhaust being connected to sea cooling.
Indirect loss of the insured, such as loss of catch and costs due to delays.