Ship Builders’ All Risks
Ship-building projects are complex endeavors that require meticulous planning and execution. From the moment construction begins until the final delivery, there are numerous risks that can impact the project timeline and budget. AMG is dedicated to assisting shipbuilders in procuring the right insurance coverage to protect your investments.
Ship Builders' All Risks insurance is a specialized insurance policy designed to provide comprehensive coverage for businesses engaged in shipbuilding activities. It offers financial protection against various risks and uncertainties that may arise during the construction phase of a vessel.
Coverage under Ship Builders' All Risks Insurance:
Physical Loss or Damage: Covers losses or damages to the vessel under construction due to perils such as fire, theft, vandalism, and natural disasters.
Third-Party Liability: Protects the business from legal liabilities arising from bodily injury, property damage, or pollution caused during construction activities.
Delay in Delivery: Covers financial losses incurred due to delays in the completion and delivery of the vessel.
Defective Design or Workmanship: Provides coverage for losses resulting from design flaws or faulty workmanship during the construction process.
Premium Determination and Underwriting Information
- Type and size of the ship being built or repaired
- Location of the shipyard and construction site
- Value of the ship under construction
- Experience and track record of the shipbuilder
- Safety measures and risk management practices implemented by the business
- Previous insurance claims history
With a team of seasoned professionals boasting a wealth of expertise, AMG Broker excels in crafting tailored insurance solutions that perfectly align with businesses' unique needs and risks while offering competitive rates.
AMG Corporate has a wide scope of expertise with deep technical skill and experience including:
- Aviation
- Business Interruption/ Loss of Profits
- Carrier’s Liability
- Comprehensive General Liability
- Construction All Risk
- Contractor Plant’ Equipment
- Employer’s Liability
- Excess Automobile Liability
- Fidelity Guarantee
- Freight Forwarder Liability
- Goods in Transit
- Marine Cargo
- Marine Hull & Machinery
- Port & Terminal Operator Liability
- Project Delay in Start-up (DSU)
- Property Insurance
- Ship Builders’ All Risks
- Ship Repairers’ Liability
- Warehousemen Liability
Contact AMG
We provide risk management, risk consulting, insurance broking, insurance program management and claims advocacy services.