Hull – Builders’ Risks

We provide shipbuilders with coverage for the various perils faced during the construction or conversion of vessels.

What we offer

Physical loss of or damage to the vessel during construction and associated liabilities whilst the vessel is under shipbuilder's care and control. All subject to the terms and conditions of the actual policy.

Up to US $100,000,000

To offer a quotation, we require fleet details and a claims record.

How can we help

We provide shipbuilders with coverage for the various perils faced during the construction or conversion of vessels. These will typically include such risks as sea trials, third party liability during construction, and removal of wreck.

The Beazley Difference

Integrated risk protection package that combines several coverages in just one policy
Affirmative coverage for claims made against an insured which results in bodily injury
Deep product knowledge since we pioneered Virtual Care in 2009
Knowledgeable Underwriters, Wordings Lawyers, and Claims Managers with expertise in all key areas of coverage
Dedicated Beazley Breach Response Services, including breach response management, information security insurance solutions, and risk management services

Examples or Scenarios

On hearing that a client’s vessel was listing we immediately deployed our in-house marine engineers to assist. With the support and technical guidance of our engineer the vessel was stabilised (she had been listing heavily from a grounding and was close to being a total loss) and the cargo on board was saved from further damage. Towage was organised which allowed the vessel to successfully reach her destination. With the benefit of having our engineer ‘on the ground’ for more than 16 days, Beazley’s claims managers were able to directly understand the client’s needs, resulting in prompt payments of funds.