Claims, P&I policies, hull and marine cargo. Representation before insurers and P&I Clubs. For more information, see our page on maritime transport law and P&I insurance.
Insurance is an essential risk management tool for any transport, logistics and international trade company. However, having a policy in place is not the same as being correctly insured. At Vectoris Legal we provide specialist legal advice on insurance to sector companies: from policy coverage analysis through to judicial claims against insurers when they wrongfully deny or reduce an indemnity. We always act on the insured's side, with complete independence from any insurance company.
One of the most frequent situations in our practice is a company that, after suffering a loss, discovers that its policy does not cover exactly the risk it believed it had insured. We conduct comprehensive insurance policy audits for transport, logistics, international trade and nautical sector companies, analysing all policies in force, identifying coverage gaps, relevant exclusions and underinsurance, and producing a situation report with concrete recommendations. For more information, see our page on yacht and nautical insurance.
We offer our clients an insurance advisory and premium optimisation service acting as an independent external broker. Our positioning is always on the insured's side: we have no connection with any insurance company. The service includes a comparative analysis of existing coverage and economic conditions, identification of market alternatives, negotiation with different companies, and management of broker change where appropriate.
We analyse and manage: for logistics operators and road transport companies — CMR carrier liability, annual floating cargo policy, fleet, warehouse keeper liability; for freight forwarders — freight forwarder liability (FFL), errors and omissions, contingency cargo; for shipping companies and shipowners — Hull & Machinery, P&I Club, FD&D, Loss of Hire; for nautical sector companies — recreational craft hull, nautical liability, charter insurance, P&I for yachts and superyachts, marina and shipyard liability.
When a loss occurs, we accompany our clients throughout the claim process: pre-claim assessment and strategy, documentary management of the loss, extrajudicial negotiation with the insurer and judicial proceedings when the insurer wrongfully denies cover, significantly reduces the indemnity or delays payment. Article 20 of the Spanish Insurance Contract Act establishes a specific late payment interest regime penalising insurers that do not pay on time.
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