Class I - Strikes Insurance
A strike can be defined as: "Any form of industrial action taken by workers which is carried on with the intention of preventing, restricting or otherwise interfering with the production of goods or the provision of services."
We can also provide cover for charterers against delays caused by a strike of owners crew.
Strikes can result in cashflow difficulties for an operator and may lead to a reduction in operating profits. Transmarine's cover provides valuable financial protection for an operato's daily costs arising from such an event.