Building ships is a large, complex undertaking, and undesired events can occur at any time. ABNIC’s Hull Builder’s Risk coverage insures builders or owners against physical loss or damage to vessels during the construction period.
Our Hull Builder’s Risk insurance policy covers collision liability as well as protection and indemnity (P&I) exposures during trial trips and can also be extended to cover delivery trips. To help simplify your risk management process, our coverage is provided on standard marine industry forms, and limits are offered on per-vessel and/or per-yard basis.
Covers a vessel owner’s liabilities arising out of the operation of 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 and third parties.