Inchmaree Clause
Categories: Insurance
An Inchmaree clause lives forever in maritime insurance policies, protecting a ship’s hull from silly humans (negligence) and malfunctioning equipment on board that might result in damage to the ship.
Ships have a lot to watch out for, including machinery, captains, and even engineers. The Inchmaree clause covers liability specifically related to the ship’s hull and negligence when navigating...one of many clauses that can be included with other perils clauses.
The Inchmaree clause has been around just about as long as steam navigation has been around. It covers the ship, which is in extra danger when traveling, especially carrying lots of cargo across seas. So much can go wrong out there, in the middle of the ocean. See: Jaws.