One programme from the start of construction to the first charter guest.
Building a yacht for commercial use creates risk long before it carries a single guest. We structure one continuous programme that protects the build, the buyer's investment and the owning company, then converts at delivery into full commercial charter cover. One broker, no gaps at handover.
A yacht's liabilities can run far beyond its value: collision, pollution, injury to guests and crew, wreck removal. If cover, limits and ownership structure are not set up correctly, a claim against the vessel can reach the owning company and its assets, and in some circumstances the owner personally, the family office and its reputation. A maritime specialist aligns the insurance with the ownership structure, names the right insured parties, sets P&I and liability limits to the real exposure and checks the wordings, so the risk from the ship is designed to stay with the ship.
Single-purpose owning and operating companies correctly named and insured.
P&I, pollution and passenger limits sized to flag, tonnage and trade.
Crisis response and claims handled by marine specialists, not a generalist desk.
Hull, machinery, equipment and owner-supplied items from the start of construction through launch, sea trials, delivery and, where arranged, the builder's guarantee period.
Builder's liability, ship repairer's legal liability and the owner's liability while the yacht is in the yard.
Cargo cover for engines, components and owner-supplied equipment travelling to the yard.
General liability, pollution liability and maritime workers' compensation for the project.
If delivery is delayed by an insured event, cover designed to compensate the buyer for lost charter income or financing costs during the delay. Subject to policy terms, waiting periods and limits.
Refund guarantee review, plus contract frustration and credit insurance designed to protect stage payments if the yard cannot complete.
Loss payee and assignment arrangements so financiers and co-investors see their interest protected.
Cover that follows modifications, upgrades and major refit works.
For buyers and investors who see a newbuild as a risk, this is what turns it into a structured project.
Agreed value, including tenders and toys.
Third-party liability, crew, collision, wreck removal, fines.
Charterers' liability and loss of charter hire.
Guests and charter passengers carried commercially.
Oil and bunker pollution and marine environmental liability.
Medical, employer's liability and repatriation. Optional war, cyber and kidnap & ransom.
Where your flag, tonnage and trade require them:
The same senior broker from the first day of construction to your first charter season.
A complimentary review of your build contract, ownership structure and future charter programme. No obligation.
