Business Details
50+ Years
experience
Professional Indemnity Insurance for Transport Experts
Established in 1925, International Transport Intermediaries Club (ITIC) has built a reputation as a trusted provider of professional indemnity insurance for transport professionals. Our mutual structure ensures that we operate at cost, prioritising member needs without external shareholder interests. With over 3,650 members across 110 countries, we specialise in tailored coverage for marine, aviation, and offshore sectors, offering global protection backed by decades of industry expertise. Our commitment to swift claims resolution and loss prevention resources underscores our dedication to safeguarding clients' reputations and financial stability.As a mutual insurer, we reinvest surplus funds into member benefits, including continuity credits, while maintaining an 'A' rated security rating for reliability. Our team combines deep technical knowledge with a client-centric approach, ensuring bespoke solutions for complex transport-related risks.
Services
Professional Indemnity Insurance
Debt Collection Cover
Legal Costs Insurance
Directors and Officers Insurance
Loss of Commission Protection
Details
- Year established: 1925
Highlights and features
- We operate as a mutual insurer with over 3,650 members globally
- Our policies provide worldwide professional indemnity coverage at cost
- We offer 24/7 claims support and rapid response mechanisms
- Our expertise spans marine, aviation, and offshore transport sectors
- We provide continuity credits to members from surplus funds
Services
Professional Indemnity Insurance
Our professional indemnity policies protect transport professionals against claims for negligence, errors, or omissions. Covering legal costs and compensation payments, this insurance safeguards your business reputation and financial stability while ensuring compliance with industry standards. Policies operate globally at cost.
Debt Collection Cover
This specialist coverage protects against financial losses from unpaid client debts. Our policies include proactive support for recovering outstanding payments while maintaining business relationships, with expert legal assistance available across international jurisdictions.
Legal Costs Insurance
We provide comprehensive coverage for legal expenses arising from professional disputes. This includes defence costs, settlement negotiations, and compliance advice tailored to transport industry requirements, with access to global legal networks.
Directors and Officers Insurance
This policy protects company leadership against claims related to management decisions. Covering defence costs and settlements for alleged breaches of duty, it supports corporate governance while safeguarding personal and organisational assets.
Loss of Commission Protection
Designed for transport intermediaries, this coverage compensates for lost income from unpaid commissions. Policies address specific risks in shipping and aviation brokerage, including client insolvency and contractual disputes affecting revenue streams.
Questions
What areas of insurance does ITIC specialise in?
ITIC provides professional indemnity insurance for marine, aviation, and offshore transport professionals globally.
How do I obtain a quote for coverage?
Complete our online proposal form or contact your insurance broker for a tailored quote.
What additional cover options are available?
We offer debt collection, directors and officers insurance, and loss of commission protection alongside core policies.
How does ITIC handle claims processing?
We provide rapid claims assessment with dedicated support to resolve issues efficiently and protect your reputation.
What benefits do members receive?
Members benefit from mutual ownership, continuity credits, global correspondent networks, and specialist risk management resources.
