Insurances for new buildings or conversions, usually purchased by the yard, but also by the buyer.
Providing all risk cover for marine perils including strikes and lock-outs for the vessel or unit whilst at the yard and during sea trials, until delivery to the buyer.
Yard Cover
- Builder’s Risk & Conversion
- Delay and Non-Delivery
- Contract Cancellation
- War (Waterborne agreement)
- Guarantee (Special Risk)
Policies can be on either an annual declaration or stand-alone basis for each separate unit, written on all major, internationally recognised conditions.