Builders‘ Risk Insurance
Construction Risk / Builders‘ Risk
Insurance cover for newbuildings or conversions is in most cases provided by the respective shipyard, but can also be purchased by the buyer.
We offer shipyards insurance cover for new construction, conversion and also for liability arising from repair work. The cover usually starts even before the launch of the vessel with the delivery of the required parts and materials. It is particularly important that the period after launching is also taken into account and that trial voyages and voyages up to final delivery are fully insured.
During the entire construction period it is important to keep an eye not only on possible claims to the vessels itself, but also on the claims of third parties and the risk to the shipyard‘s own or co-used facilities and equipment. Cover is provided by framework contracts in which the individual projects are declared. Insurance cover for individual projects is also possible.
We offer shipyards and clients tailor-made cover for various types of conventional cargo ships in maritime and inland navigation, yachts, state and naval vessels, offshore vessels and other special ships.
For internationally tendered projects and shipyard groups, we provide the capacity of our partner insurers under all major and internationally recognised cons-…???