Builders' Risks

Insurances for newbuildings 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.

  • Builders' Risks - Yard Cover
  • Builders' 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 recognized conditions.

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 prioritize and make claims settlements much quicker than the industry average, through practical, solution driven claims handling and involvement from notification to final payment. We encourage teamwork together with the Assured and the broker.

Our world-leading contingency support and operational intelligence services are developed from handling 2.000 claims every year. We organize 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.

Email us