Builders Risks for New Buildings Under Construction
CLP Insurance Brokers has a wealth of experience in this area having experience with Shipyards and Vessel Owners building ships in Europe, the Middle East and Far East including China.
Builders All Risks coverage and associated Third Party Liabilities can be packaged together for the whole build process from steel cutting right up to final delivery including any delivery voyages or tows between yards or locations.
Sea trials and other post launch exposures are included such as War and Protection & Indemnity.
We also cover against ancillary Interests such as Delay or Non Delivery Insurance Refund Guarantees and General Liability Insurance for New Building Supervision including Professional Indemnity.
CLP Insurance Brokers access markets in the UK, Mainland Europe and Far East to create insurances that are both comprehensive and competitive.
CLP Insurance Brokers can create bespoke policies for both Shipyards and Shipowners depending on the Contractual responsibilities of both parties.
CLP Insurance Brokers has arranged Political and Credit risk policies for Shipowners exposed to perils including non-payment of instalments (Refund Guarantees), Expropriation, Confiscation, Embargo and Political Violence being just some of the perils covered.
Purchasers Interest or Non Delivery due to total loss of the vessel at the yard or during delivery is another peril commonly covered by CLP Insurance Brokers.