Ship Repairers liability

A Ship repairer needs to cover loss or damage to vessels at all times whilst in their care, custody and control including whilst being worked upon, being shifted in tow or otherwise or on trials.

The basis of cover is normally the London market wording which covers:

• loss/damage to the vessel in the care of the Assured for the purposes of being worked upon
• shifting and moving within the port confines, including trial trips
• loss/damage to cargo etc. on or discharged from the vessel being subject of repair
• loss/damage to machinery whilst removed from vessel for the purpose of being worked upon, including whilst in transit between vessel and repairers premises
• removal of wreck
• loss/damage to Third Party property arising from ship repairing activities
• Sudden and accidental Seepage & Pollution.

Dependant on the location of the yard and facilities it is possible that more than one vessel could be damaged in the same accident; a common cause would be fire, which could spread to other vessels in the yard awaiting repair or re-delivery.

The basic cover afforded by the London market wording form as written does not include liability for third party bodily injury, loss of life or personal injury although cover for these exposures is available by negotiation.

Ship Repairers Liability (SRL) insurance is designed to provide cover against liabilities arising from acts of negligence which result in loss or damage to the property of others whilst being worked upon at the yard or personal injury to others whilst visiting the yard.

• Other work, being repair and modification operations carried out by the yard which do not fall with the scope of ship repair
• Coverage for workmen employed by the Assured whilst away from the yard, including whilst repairs are carried out onboard vessels or rigs or at other yards
• Legal liability for death or personal injury (other than liabilities arising under employers' liability or workmen’s compensation schemes)

As will be noted from the above, cover applies to liabilities arising out of ship repairing activities and is not designed as an all-encompassing general third party cover. Depending on individual needs, we can also develop comprehensive package to provide coverage for 'non-marine' liabilities, including cover for general third party exposures for loss, damage and injury not directly related to ship repairing operations and product guarantee to cover ongoing liabilities arising from specialist repair or modification work.

We have experience in creating bespoke policies to address the individual client needs. Our knowledge enables us to negotiate the broadest cover at competitive premiums. We access insurers in all of the major insurance markets.