Risk covered
- Builders’ risk cover for new buildings and conversion projects
- Towage (additional)
- Delay in delivery/ Non delivery (additional)
- War (when waterborne) (additional)
Unique expertise
Gard has gained extensive experience in helping marine shipbuilders covering their complex liabilities in this area
Worldwide presence
We have 15 offices globally as well as partnerships with international correspondence network
Financial strength & predictability
Our position in the market, provides access to resources and insights, enabling us to make well-informed decisions
Claim handling
We have a specialised team of claims handlers and adjuster dedicated to the builders’ risk team
Gard core values
Fairness and equal treatment form the basis of Gard’s business activities
Wide range of products
As the largest specialised marine insurance group, Gard offers the broadest range of covers on the market
Services
Gard’s broad range of expertise will support you in calm and stormy weather
Frequently asked questions
The builder’s risk cover provides the shipbuilder with sufficient cover for the risk exposures, which can occur during the entire building or conversion process. From “the first cutting of steel/ keel laying” to the final delivery of the vessel/ unit.
Gard offers comprehensive insurance solutions for ship/ offshore-yards world wide. The same insurance solutions are also available for owners or buyers, who seek cover for their construction projects.
During the entire construction process, marine shipbuilders are responsible for the vessel. There can be a range of liabilities throughout the long, and often complex process, as the vessel is being built.
We provide covers for different types of conventional vessels, yachts, naval vessels, offshore vessels and units such as FPSOs, FSOs, rigs/units and other specialised vessels.
Builders’ risk cover offers broad terms, standardised to deliver similar wordings and features. It is based on internationally recognised clauses.
