Hull Insurance

Bluewater Hulls

Bluewater hull policies cover physical loss or damage to scheduled vessels on a named peril basis in addition to collision liability up to the agreed value of the vessel. Vessels covered include containerships, tankers, bulk carriers, and other vessels over 2500 Gross Registered Tons.

Coverage may include:

Mortagee's Interest
Insures marine lenders against the nonpayment by hull underwriters when the nonpayment results from any act of, or omission by, the Assured named in the hull policy or from breach of warranty in the hull policy.
Hull Builder's Risks
Hull Builder's Risks coverage insures the builder or owner against physical loss or damage to vessels during the construction period. The policy also covers collision liability and protection and indemnity exposures during trial trips, and coverage can be extended to cover delivery trips. Coverage is provided on standard industry forms, and limits are offered on per vessel and/or per yard basis.
Hull War Risks
Insures the war and other risks excluded from marine hull policies by the "War, Strikes, and Related Exclusions" clause or the equivalent in forms other than the American Institute Hull Clauses.
Increased Value & Excess Liabilities
Insures a portion of the vessel's value and corresponding liabilities as covered by the hull form on a total loss only (TLO) basis.

Brownwater Hulls

This product provides coverage for physical loss or damage to scheduled vessels. Coverage is provided on standard industry forms and pre-approved manuscript wordings. Classes of vessels covered include: tugs, towboats, barges, dredges, and passenger vessels.

Coverage may include:

Primary Protection and Indemnity
This product covers a vessel owner's liabilities arising out of the operation of scheduled vessels. Standard industry forms or pre-approved manuscript wordings are utilized, providing coverage for liabilities incurred as a result of damage to third-party property and injury to or death of crewmembers, passengers, longshore workers and others. Limits up to $1,000,000 (USD) are offered.
Hull Builder's Risks
Hull Builder's Risks coverage insures the builder or owner against physical loss or damage to vessels during the construction period. The policy also covers collision liability and protection and indemnity exposures during trial trips and coverage can be extended to cover delivery trips. Coverage is provided on standard industry forms, and limits are offered on per vessel and/or per yard basis.
Maritime Employer's Liability (MEL)
This product provides coverage to non-vessel owners for liabilities incurred under the Jones Act as a result of their employees carrying out their duties on board vessels. Limits up to $1,000,000 (USD) are offered.