765-395-7761 | 877-395-6200
☰ ˟
Logo
Call Us 765-395-7761 | 877-395-6200
  • Our Agency
    • About Our AgencyImage of right arrow
      • Our Locations
      • Kokomo Office
      • Agency History
      • Our Staff
    • Insurance TipsImage of right arrow
      • General Insurance Tips
      • General Insurance Tips 2
      • General Insurance Tips 3
      • General Insurance Tips 4
      • Personal Insurance Tips
      • Flood Insurance Tips
      • Commercial Insurance Tips
      • Farm and Ranch Insurance Tips
      • Insurtech and Insurance Disruption
    • Get A Quote
    • Our Companies
    • Norris Races
    • Contact UsImage of right arrow
      • Amboy - Main Office
      • Bunker Hill Office
      • Converse Office
      • Fairmount Office
      • Flora Office
      • Greentown Office
      • Hartford City Office
      • Kokomo Office
      • Lafayette Office
      • Marion Office
      • Peru Office
      • Somerset Office
      • Swayzee Office
      • Upland Office
      • Walton Office
  • Products
    • Home & Auto Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Diminishing Deductible
      • Accident Forgiveness
      • Minor Violation Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • Telematics Devices
      • Towing
      • Rental Reimbursement
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Other Personal InsuranceImage of right arrow
      • Personal Umbrella Insurance
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Health InsuranceImage of right arrow
      • Medicare Insurance and Supplemental Insurance
      • Individual & Family Health Insurance
      • Group Health Insurance
      • Dental Coverage
      • Vision Coverage
      • Long-Term Care Insurance
      • Temporary Health Insurance
      • Supplemental Insurance
      • Disability Insurance
      • Travel Health Insurance
      • Prescription Insurance
      • HSAs
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Financial ServicesImage of right arrow
      • Annuities
      • Traditional & Roth IRAs
    • Additional Insurance ServicesImage of right arrow
      • Special Event Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Construction Insurance
      • Consulting Firm Insurance
      • Specialty Trade Contractors Insurance
      • Manufacturing Insurance
      • Retail Insurance
      • Self-Storage Insurance
      • Tow Trucks Insurance
    • Coverage for Your BusinessImage of right arrow
      • Loss Control Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Inland Marine Insurance
      • Professional Liability
      • Workers Compensation
      • Bonds
      • Fidelity Bonds
      • Surety Bonds
    • Coverage for Your EmployeesImage of right arrow
      • Group Disability Insurance
      • Voluntary Benefits
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
      • Voluntary Products
  • Contact Us
    • Amboy - Main Office
    • Bunker Hill Office
    • Converse Office
    • Fairmount Office
    • Flora Office
    • Greentown Office
    • Hartford City Office
    • Kokomo Office
    • Lafayette Office
    • Marion Office
    • Peru Office
    • Somerset Office
    • Swayzee Office
    • Upland Office
    • Walton Office
    • Locations & Hours
    • Get A Quote
Auto and Home Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Farm Icon

Farm

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Insurance-Tips > Commercial-Insurance-Tips > Piracy - Part 3

Piracy – Part 3


Piracy – A Broader Scope

Piracy may be considered to be a subset of criminal activity that affects, primarily, cargo owners, carriers (shipping companies) and insurance companies. In order to better understand the situations that these groups have to deal with, some researchers have proposed that a broader classification system be used. One proposal suggests that criminal activities should be categorized as follows:

  • Corruption – acts against vessels that include the involvement of port authorities and government officials
  • Maritime Terrorism – refers to attacks against vessels that are committed by terrorists groups (typically motivated by political reasons).
  • Piracy – refers to any attacks against vessels while moving in both territorial and international waters (high seas).
  • Sea Robbery – refers to thefts that occur to vessels that are stationary at berth (or anchored), but do not involve violence against persons.

At a minimum, a more refined categorization can assist in identifying the true scope of maritime losses, develop more accurate loss data and also facilitate improved loss control methods.

Loss Control

Managing maritime criminal activity is a complicated and expensive proposition. However, some organizations, such as the International Maritime Bureau, the International Chamber of Commerce, the International Marine Organization, the World Trade Organization and others, are pursuing efforts to help combat such activity. These efforts include:

  • Increased use of model piracy laws
  • Establishment and enforcement of additional treaties
  • Increased use of port inspections, and port and coastal water patrols
  • Use of improved ship and cargo tracking methods (including satellite tracking)

Loss prevention measures may also be improved on individual ships by:

  • Use of adequate crews
  • Use of efficient crew screening methods
  • Installation and maintenance of adequate security systems
  • Use of newer ID transmitting systems which are less vulnerable to interception, and
  • Greater use of onboard, armed security.

Loss mitigation can have positive effect, especially if they convince crews to make more reports and trigger even more aggressive anti-piracy measures.

Contact Us Today!
765-395-7761 | 877-395-6200


Social Social Social

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • News
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us
© Copyright. All rights reserved. | Powered by Insurance Website Builder