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.