Shipyards

There is a heightened probability for the occurrence of accidents as shipbuilding industry is one of the heavy production industries. The processes, and conditions shipbuilding involves are complicated and require an experts eye.

Great Insurance Solutions for your Shipyard Business

The modern shipbuilding industry is constantly meeting the challenges presented by a dynamic shipping industry. The trend is to build various types of complicated and larger capacity vessels requiring ship builders to use more sophisticated equipment, facilities and consequently robust insurance program to match.

Our Experience

Our team is well equipped and with vast experience in managing shipbuilder’s programme of any modern shipyard.

Our Relationships

Our relationships with the leading Underwriters in this class of risk and easy accessibility to the key markets in London, Europe enables us to access the required capacity for shipbuilding projects of all sizes.

Bespoke Coverage

For those shipyards and contractors who are also working in Energy sector, we have experience in providing a bespoke coverage with limits that suit such specific needs of construction insurance for rigs, offshore platforms and FPSO’s.

Contract Review

Our services also involve a substantial volume of contract reviews for our clients and from time to time we have been called upon to discuss and explain contractual issues with our clients’ principals in so far as they relate to insurance and the availability of cover.

Areas Of Cover Includes

Builders All Risks

Builders All Risks (BAR) insurance for shipyards is a specialized type of insurance that provides coverage for the shipyard during the construction or repair of vessels. This type of insurance is designed to protect the shipyard from various risks and potential financial losses that may occur during the construction process.

Ship Repairers Liabilities

Ship Repairer's Liability insurance is a specialized type of coverage designed to protect ship repairers or shipyards from legal liabilities and financial losses arising from their operations. Ship Repairer's Liability insurance provides coverage for claims made against the ship repairer due to property damage, bodily injury, or financial loss caused by their work on the vessels.

Our Coverages Are Designed To Cover

Occupational
Hazards

Fire and
Explosion

Crane and Lifting Operations

Ship Repair and Maintenance Risks

Environmental
Risks

Security
Risks

Why Choose First Policy

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Clients

Have worked with some of the largest Shipyards.

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Technology

Have worked with some of the largest Shipyards.

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Employees

Relationship managers, Technical Experts and Claims team.

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Advisory and consultation

Risk assessment and management, claims management, renewals management.

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Global Service capability

Present in 140 countries worldwide.

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Innovation

Industry Leaders in bringing innovative solutions.

Our Other Services

Claims

Reinsurance

Marine Insurance

Risk Management

Property Insurance

Liability & Credit Insurance

Employee
Benefits

Engineering & Misc. Insurance

Insights