Cargo, ships and aircraft
Shipyard Insurance
Covers for vessels under construction or repair and for shipyard liabilities.
Shipyard insurance covers vessels under construction (builder’s risks) and the liability of shipyards for vessels left in their care for repair. Given the size of the projects, these programmes are usually built with international reinsurance support.
Who is it for?
- Shipbuilding yards
- Ship repair and maintenance yards
- Yacht builders
What does it cover?
- Builder’s Risks
- Ship Repairer’s Liability
- Yard property and equipment
- Personal accident for employees
Scope and exclusions vary by insurer and programme. With every quote we summarise the policy wording in plain language.
What drives the price?
- Contract value and duration
- Experience and loss history of the yard
- Delivery and sea-trial conditions
Frequently asked questions
Are sea trials covered?
Builder’s Risks policies can be structured to cover sea trials and the period up to delivery.