Yacht Insurance Products
Construction & Maintenance Coverage
Tailored insurance solutions for shipyards, builders and marine service providers involved in vessel construction, repair and maintenance
Introduction
Protecting Every Stage - From Build to Refit
Whether building from the keel up or performing complex refits, we help safeguard your work, asset and liability
exposure
Benefits
Why Construction & Maintenance Coverage
Comprehensive Protection
Covers everything from hull construction and machinery to dockside repairs and maintenance-related liabilities
Minimise Downtime
Business interruption and property coverage help you recover quickly after unforeseen events
Specialised Liability Cover
Includes ship repairers liability and third-party protections tailored to marine operations
Our products
Construction & Maintenance Coverage Products
Builders Risks
Coverage for vessels under construction, including hulls and equipment. This insurance safeguards against physical damage, theft and environment perils during the build process
- Protection for hulls, machinery and materials
- Covers storm, fire, flood and accidental damage
- Customisable to each build phase
- Cover for launch and sea trials
Ship Repair Liability
Specialised liability insurance for shipyards and contractors working on vessels. Cover damage to third-party property and injuries that occur while vessels are being serviced or repaired.
- Liability for damage during repairs or maintenance
- Coverage for third-party injury and property loss
- Suitable for independent repairers and large yards
- Cover for launch and sea trials
Frequently asked questions
Find answers to common questions
Who needs builders risk insurance in the marine industry?
Any individual or company involved in constructing vessels - such as shipyard, boat builders or subcontractors - should be covered for potential damages during build.
Does ship repairer liability covers subcontractors?
Generally, ships repair liability covers your legal liability as a repairer but subcontractors may need their own insurance or be named in your policy.
What types of incidents are covered under the builders risk insurance?
It typically covers risks such as fire, theft, flooding, storm damage, accidental impacts and even vandalism during the construction period. Cover would usually also cover launch and sea trails.
Is coverage available for delays in construction or repair?
Yes, some policies offer business interruption or delay coverage to help mitigate financial losses resulting from unforeseen setbacks during constructions or maintenance.
Connect with us
Interested in yacht insurance products?
We are here to help you find the right coverage for your vessel, tailored to your needs and cruising plans. Reach out today - our team will be happy to provide guidance or a personalised quote.