Hull and machinery / P&I and shipbuilders risk
From inclement weather to unpredictable catches, the marine industry presents a constantly changing array of challenges.
Liberty provides the specialized coverage you need to protect your investment, with Hull and Machinery, P&I, and Shipbuilders’ Risk insurance.
Vessel owners and other marine industry professionals rest easier knowing their ships are safely protected, whether on the water or at the dock. And with in-house marine industry specialists bringing underwriting, claims, and risk engineering expertise to every policy, it’s no wonder we’re a carrier of choice for the marine industry.
A protective partnership
Solutions for complex risks
Virtually nothing about the marine industry is predictable – from the weather to fishing catches, challenges can arise and pose risks to marine businesses. One thing that vessel owners worldwide can count on is Liberty Mutual Insurance. We can help protect ships whether on the water or at the dock with proper coverage and risk protection. Our in-house marine specialists in risk engineering, underwriting and claims can provide tailored products designed to address all of a client’s needs.
Marine hull insurance – This coverage helps cover physical loss or damage to vessels at the dock, during trips, or while operating.
Marine protection and indemnity insurance – This solution helps cover third-party liabilities arising out of the operations of the vessel.
Marine builder’s risk insurance – This solution provides coverage for the shipyard or vessel owner for loss or damage of vessels during the course of construction.
Target classes
- Coastal tanker and cargo vessels – brown/green water
- Tugs and barges
- Passenger-carrying vessels
- Research vessels
- Shipyards
- Offshore supply vessels
- Workboats (harbour vessels)
Policy highlights
- policies tailored to specific needs
- Protection & indemnity (P&I) coverage available when written in conjunction with Hull coverage
- Vessel construction
- Multiline capabilities
Capacity
- $35M in Builder’s Risk
- $10M in Hull
- $5M in Protection & Indemnity
Our difference
- Streamlined application and policy form tailored specifically for marine clients
- In-house marine engineers
- Tailored coverage for multinational risks, including locally admitted policies
Liberty Mutual Canada™ is the registered business name under which the Canadian branch of the Liberty Mutual Insurance Company operates in Canada. This literature is a summary only and does not include all terms, conditions, or exclusions of the coverage described. Please refer to the actual policy language for complete details of coverage and exclusions.
