About the Service
Builders' Risk Hull Insurance protects the interests of the customer and the shipyard against losses arising during vessel construction. The solution helps reduce the financial impact of damage, accidents, and other unforeseen events at key stages of the project.
Purpose of Cover
- Protection of the interests of the purchaser or shipyard
Insured Events
- Damage to or loss of a vessel under construction during the building, launching or testing stages
Scope of Indemnity
- Total and/or constructive total loss
- Hull damage
- Breakdown of or damage to machinery and equipment
- Salvage expenses
- War risks
- Construction errors
