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Ship Builder's Risk

Ship Builder's Risk

Ship building is a key industry in Asia Pacific with seven of the top ten global shipyards, by order book, located in the Region.

LIU offers Ship Builder's Insurance which covers loss of, or damage to, the hull and machinery of vessels under construction.

Cover is also provided for loss of, or damage to, property belonging to others and for death or personal injury caused to third parties during construction.

At a glance:

  • US$25m capacity
  • Construction of all types of vessels, including commercial, private and naval vessels
  • Ability to conduct JH143 shipyard risk assessment surveys.
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