Ship Repairers Liability Insurance
Ship Repairers' Liability Insurance provides cover for damages to vessels entrusted to the shipyard for repair and maintenance, as well as third-party property under the shipyard's care, custody, or control, and liabilities arising from ship repair activities that cause damage to third-party property.
The main coverages under the policy are summarized below:
- Loss of or damage to third-party vessels, equipment, and cargo under the shipyard’s care, custody, or control.
- Damages arising during sea trials.
- Wreck removal costs for vessels not owned by the insured.
- Third-party property damage.
- Sudden and accidental marine pollution liability.
- Personal Injury Endorsement
- Detention Endorsement
- Other Work Endorsement
- Travelling Workmen Endorsement