Our Products:

   Hull and Machinery Insurance
        ・Tugs and Barges
   Marine Cargo Insurance
        ・Consequential Loss
        ・Owners Legal Liability
   Shipbuilders’ Risk Insurance
   Loss of Hire Insurance
        ・Delay Cover
   Containers Insurance
   Protection and Indemnity Insurance
   Time Charterer’s Liability Insurance
   Shiprepairers’ Liability Insurance
   Marine Liability Insurance
        ・Freight Forwarders’ Liability
        ・Terminal Operators’ Liability
        ・Errors and Omission Liability

Shipbuilders' Risk Insurance

Every shipyard will have a unique blend of exposures created from the different types of vessels under construction
and the facilities in the yard. The most commonly used conditions are the Institute Builders Risks Clauses which give
cover to the builder for physical damage to a vessel while under construction and it is usual to supplement the standard
cover with extensions to address the specific exposures appropriate to the operation. In addition to providing cover
for physical loss or damage to new vessels under construction, insurance cover will normally also include cover for
third party liabilities, damage arising from faulty design, sea trials, war risks and strikes coverage. Cover can also be
extended to include cargo risks for parts and machinery during storage and transportation to the yard, towage of a
hull from a sub-contractors yard and expenses incurred by the yard following postponement of a launch. Our experience
enables us to tailor our services to the requirements of an individual yard and the circumstances of a particular claim.

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