Builder’s Risks Insurance

This insurance covers liability for various vessels in construction, including offshore setting of oil rig. It covers loss of and/or damage to, and liability and expenses in connection with the insured vessel, including loss or damage and expenses caused by insured events whilst the insured vessel is in course of construction, trials and delivery, including loading and unloading, transportation, storage and installation of all the materials, machinery and equipment necessary in building the insured vessel within the insured value and within the Shipyard.