From the first Norwegian semi-submersible drilling units in the North Sea in the 1970s, Norwegian Hull Club has continuously offered insurance solutions to the contractor segment.
Today, The Club ranks amongst the leading underwriters for international contractors of mobile offshore units, insuring more than 600 units worldwide. We provide a comprehensive selection of both Operating and Construction All Risks (CAR) covers, including Hull & Machinery, Contingency Operator’s Extra Expenses, Windstorm, and War, to CAR during upgrades, conversions and modifications, to Installation, tow, hook-up and commissioning.
Operating insurances
- Physical damage
- TLO
- Loss of production income / business interruption
- Third party liabilities
- Operators extra expenses (control of well)
- Windstorm
- War
Construction All Risks (CAR)
- CAR of newbuildings
- CAR of field projects, both subsea and platforms
- CAR during upgrades, conversions and modifications
- Installation, tow, hook-up & commissioning
- Cancellation of contract/delay in start-up
- Liquidated damages
It's our Service Concept that sets us apart
When placing insurance with Norwegian Hull Club as Leader, an Assured has access to claims handling experience, service levels and competence of the highest quality. We handle claims and critical situations in the most professional way. We prioritise and make claims settlements much quicker than the industry average, through practical, solution-driven claims handling and involvement from notification to final payment. Norwegian Hull Club encourages teamwork together with the Assured and the broker.
Our world-leading contingency support and operational intelligence services are developed from handling some 2,500 claims every year. We organise a wide variety of loss prevention activities for both ship and shore-based staff, sharing experience from actual incidents, aimed at improving industry best practice.