Marine Hull Insurance
We write a portfolio comprising of H&M and P&I war, builders risks, increased value, port property, mortgagees interest and yachts.
In addition to ports and terminals, we can also provide cover for piers, jetties, wharves and marinas. We provide cover for both physical loss / damage and business interruption. These can be written as packages together with the liability insurance. Cover can also be provided for certain non-marine facilities such as port buildings, warehouses, shipyard facilities and the like. We can also provide cover for handling equipment and business interruption.
Furthermore, we have a dedicated in-house binder team to facilitate leading binders.
Coverage options
The team writes Marine Hull and Machinery across a wide range of vessel operations, including but not limited to:
Capacity $27.5m (USD)
What we do
- Builders’ all risks and ship repairer’s liability
- Coastal trading vessels
- Ocean-going vessels
- Offshore vessels
- Port property, including piers, jetties, wharves, marinas, port buildings, warehouses, and shipyard facilities
- Yachts above $5m (USD)
Capacity $22m (USD)
What we do
- Brown-water tonnage
- Builders’ risks
- Mortgagees interest
- Offshore supply vessels protection
- Piers, jetties, wharves, and marinas
- Port buildings, warehouses, shipyard facilities
- Tow and voyages
- Yachts
Capacity $22m (USD)
What we do
- Brown-water tonnage
- Builders’ risks
- Mortgagees interest
- Offshore supply vessels protection
- Piers, jetties, wharves, and marinas
- Port buildings, warehouses, shipyard facilities
- Tow and voyages
- Yachts
Speak to one of our specialist underwriters
Marine Hull Insurance FAQs
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Marine Hull insurance is a specialised type of insurance that covers physical damage to the hull, machinery, and equipment of a ship or boat.
It’s similar to car insurance but tailored for maritime vessels. This insurance protects against risks like collisions, sinking, fire, and natural disasters.
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Marine Hull insurance is essential for protecting your investment in marine vessels against physical loss or damage, as well as business interruption.
This type of insurance is crucial for mitigating financial risks associated with damage to the vessel’s structure and machinery, which can be substantial.
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While Marine insurance is a broad category covering various aspects of maritime activities, including cargo, liability, and hull risks, Marine Hull insurance specifically focuses on the vessel itself.
It covers the hull and machinery of the ship, offering protection against physical damage and related risks.
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Canopius’ Marine Hull insurance covers physical loss or damage to the vessel, including its hull and machinery. It also extends to cover business interruption, builders’ risks, increased value, and mortgagees interest.
Additionally, we provide coverage for non-marine facilities related to marine operations, such as port buildings, warehouses, shipyard facilities, handling equipment, and more.