Businesses related to the marine industry face risks different than those of other industries. For this reason, property and liability risks of this sector are covered by specifically designed insurance policies.
Hull and machinery insurance policy covers accidental physical damage to the vessel caused by collision, theft, sinking and other perils.
Hull insurance also covers the lifeboats, rafts, stores, supplies, furniture, electrical machinery, boilers, motors, generator, and all physical equipment needed to operate the ship.
We provide marine hull and machinery insurance for all types of ships and vessels and their equipment, including:
Oil & gas tankers
Tugs and barges
Offshore energy support vessels
Yachts and pleasure craft
Marine hull insurance can be issued for a single ship or a whole fleet.