Marine Hull & Machinery Insurance | Hugh Wood Inc

Marine

Hull & Machinery

Our Marine Hull & Machinery insurance solutions provide coverage for physical loss or damage to a vessel, sue and labour expenses and general average costs.

Some examples of clients that require this coverage are the following:

General Cargo Vessels
Tankers & Bulk Carriers
RORO’s
Container Vessels
Tugs & Barges
Passenger Vessels & Cruises

We are highly experienced in handling International portfolio business and can place this with Underwriters in all the major insurance markets. Our qualified team can advise you on:

Hull & Machinery
Protection and Indemnity
War and Terrorism risks including Loss of Hire
Marine Kidnap and Ransom
Builders Risks

Find out more info

Contact our Team

Related cover to manage ship owner's risks

In addition to Hull & Machinery, other related coverages that can be bound in order to manage ship owner’s risks would be the following:

Increased Value – This coverage is placed along with Hull & Machinery in order to insure the full value and additional costs of replacing a vessel if a vessel suffers a total loss

Loss of Hire – Coverage protecting the ship-owners from a daily loss of income arising from a covered Hull & Machinery peril.

War Risks – This policy provides similar coverage to Hull & Machinery/Increased Value and Loss of Hires coverages but responds to war risks related perils only which are excluded.