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Shipyard Insurance
Protecting Your Business from Dock to Delivery
Comprehensive Coverage for Shipbuilding & Repair Operations
Shipyards are high-risk environments where heavy machinery, skilled labor, and expensive vessels come together. Whether your operation focuses on ship construction, vessel repair, or maintenance, accidents, delays, and liability issues can lead to financial loss and legal complications. Without the right insurance, a single incident could disrupt your entire business.
We offer customized insurance solutions for shipyards, helping you manage property risks, worker safety, environmental concerns, and liability issues so your operation can continue running smoothly.
Coverage Designed for High-Risk Marine Work
Protection for Your Shipyard, Workers & Equipment
Property & Equipment Insurance
Covers buildings, dry docks, cranes, and heavy equipment from fire, storm damage, theft, and operational accidents.
General Liability Insurance
Protects against third-party claims for injuries, property damage, or accidents that occur on your shipyard premises.
Workers’ Compensation Coverage
Ensures that employees receive medical care, lost wages, and rehabilitation if they are injured while working in high-risk shipyard environments.
Pollution & Environmental Liability Insurance
Covers fuel spills, chemical leaks, and hazardous waste disposal risks, helping shipyards comply with strict environmental regulations.
Business Interruption Insurance
Provides financial support if operations are temporarily halted due to a covered event, such as storm damage, fire, or machinery failure
Ship Repairers’ Legal Liability
Protects your business if a customer’s vessel is damaged while being serviced at your shipyard, covering repair costs and liability claims.
What You Need to Know
Common Questions About Shipyard Coverage
What does shipyard insurance cover?
Shipyard insurance covers a wide range of risks, including property damage, liability claims, worker injuries, and environmental hazards. Policies are designed to protect dry docks, cranes, shipbuilding facilities, and the vessels being worked on, ensuring that your business stays financially secure.
Why do shipyards need environmental liability insurance?
Shipyards handle fuels, solvents, and hazardous materials that can cause pollution, spills, or contamination. Environmental liability insurance helps cover the cleanup costs, regulatory fines, and legal expenses associated with environmental accidents, ensuring compliance with maritime environmental laws.
What happens if a ship is damaged while under repair at my shipyard?
If a vessel sustains damage while being repaired, modified, or serviced, ship repairers’ legal liability insurance covers the repair costs and potential claims from the vessel owner. This is critical protection for shipyards that handle high-value vessels.
Does shipyard insurance include workers’ compensation?
Yes. Workers’ compensation insurance provides coverage for medical expenses, rehabilitation, and lost wages for employees injured while working in the shipyard. Given the hazardous nature of shipbuilding and repair work, this coverage is essential to protect both workers and shipyard owners.
How does business interruption insurance benefit shipyards?
If your shipyard is forced to halt operations due to a covered event, such as fire damage, equipment failure, or extreme weather, business interruption insurance helps cover lost income, ongoing expenses, and recovery costs, minimizing the financial impact of downtime.
Can shipyard insurance cover subcontractors working on my property?
Yes, depending on the policy. If subcontractors are working in your dry dock or repair facility, additional coverage may be required to ensure liability protection for their work. Our team can help customize your policy to include subcontractor liability coverage.