Builders' Risks

A service vessel under construction in a shipyard

Covers for newbuildings or conversions; usually purchased by the yard but can also be obtained by the buyer.

Providing all-risk cover for marine perils - including strikes and lock-outs - for the vessel or unit whilst at the yard and during sea trials, until delivery to the buyer.

  • Builders' Risks - Yard Cover
  • Builders' Risk & Conversion
  • Delay and Non-Delivery
  • Contract Cancellation
  • War (Waterborne agreement)
  • Guarantee (Special Risk)

Policies can either be on an annual declaration or stand-alone basis for each separate unit, written on all major, internationally recognised conditions.

Norwegian Hull Club – the Preferred Leader

When placing insurance with Norwegian Hull Club as Leader, an Assured has access to claims handling experience, service levels and competence of the highest quality. We handle claims and critical situations in the most professional way. We prioritise and make claims settlements much quicker than the industry average, through practical, solution-driven claims handling and involvement from notification to final payment. Norwegian Hull Club encourages teamwork together with the Assured and the broker.

Our world-leading contingency support and operational intelligence services are developed from handling some 2,500 claims every year. We organise a wide variety of loss prevention activities for both ship and shore-based staff, sharing experience from actual incidents, aimed at improving industry best practice.

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