From the first Norwegian semi-submersible drilling units in the North Sea in the 1970s to the FPSOs of the 80s and until today, Norwegian Hull Club has continuously offered insurance solutions to the contractor segment.
Since 2014, we have also provided the operator segment with insurance. Covers include (but are not limited to) Physical Damage, Loss of Production Income / Business Interuption, to Construction All Risks for field projects, as well Cancellation of Contract / Delay in Start-Up.
- Physical damage
- Loss of production income / business interruption
- Third party liabilities
- Operators extra expenses (control of well)
Construction All Risks (CAR)
- 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
Norwegian Hull Club – the Preferred Leader
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.