We are experienced in providing cover for risks ranging from a large multi-berth yard handling commercial vessels to small one-man single slipway operation dealing with minor repairs on yachts and pleasure craft, but the basic principle and potential exposures are generally the same.

The major exposure faced by Shiprepairers is that of loss/damage to vessels in their care, custody and control and this is particularly relevant where an accident on board a vessel being worked upon, e.g. a fire, which may not only damage that particular vessel but could spread to other vessels in the yard awaiting repair or redelivery.  Thus the potential accumulation hazard is considerable.

Exposures could also exist whilst a shiprepairer is shifting the vessel around the confines of the port or whilst undertaking trial trips following repairs.

This cover arranged by LSR would normally be based upon the standard London market wording for Shiprepairers, being liability resulting from the Assured's negligence, and encompasses:

• 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 shiprepairing activities.

It should be noted that the basic cover afforded by the London form does not include liability for third party bodily injury.

It should be stressed that the cover available under this policy applies to liabilities arising out of shiprepairing activities and is not designed as an all-encompassing general third party cover.  Thus in many cases it would be necessary to either a policy extention or a "non-marine" policy to cover the general exposures of third party injury or damage not directly related to the shiprepairing operation, e.g. a visitor to the yard falling down unsafe steps.