Ocean Marine Insurance
Builder's Risk
Coverage Description
Insurance for a vessel from the start of construction through the final delivery to the customer. Coverage is provided for the vessel and certain property used in construction, such as materials, plans, patterns and moulds, staging and scaffolding.
The coverage also includes launching and sea trials within a limited geographic area as well as Collision Liability and P&I.
Customer Profile
- Owners of vessels being built or under construction
- Shipyards and boatyards building multiple vessels
