Builder’s Risk Cover – Comprehensive Protection for Yacht and Inland Vessel Construction
Building a yacht or an inland vessel is a significant investment, and unforeseen risks during construction can lead to costly delays and financial losses. GEORG DUNCKER, as your expert marine insurance broker, helps you secure the right Builder’s Risk Cover, ensuring protection throughout the construction period.
What Does Builder’s Risk Insurance Cover?
A Builder’s Risk insurance policy provides financial protection for shipbuilders, owners, and financiers against damages and liabilities arising during the vessel’s construction. Depending on the chosen underwriter and policy, coverage may include:
✔️ Physical damage to the vessel under construction, including fire, theft, and storm damage
✔️ Damage to machinery and equipment before installation or during testing
✔️ Third-party liability for damages caused during the construction process
✔️ Pollution liability in case of environmental damage during construction
✔️ Wreck removal costs if necessary due to an accident
✔️ Coverage during sea trials, ensuring protection from launch to delivery
Specialized Coverage for Yachts and Inland Vessels
🔹 Yacht Construction: Tailored coverage for high-value yacht builds, including custom materials and luxury fittings.
🔹 Inland Vessel Construction: Protection for commercial vessels such as cargo ships, tankers, and passenger vessels built for inland waterways.
Why Choose GEORG DUNCKER?
🔹 Independent brokerage: We work with leading insurers to secure the best coverage for your shipbuilding project.
🔹 Tailored policies: Customized coverage based on vessel type, size, and construction phase.
🔹 Comprehensive risk management: Ensures financial security from keel laying to vessel delivery.
🔹 150+ years of experience in marine insurance – a trusted partner in shipbuilding.
📍 GEORG DUNCKER – Your Partner in Marine Insurance.
🌍 Learn more: www.georg-duncker.com
