Shipyards &
Builders
Beyond Policies — Why Shipywards face Complex Liabilities
At SRMG, we build specialized insurance and risk programs for shipyards and marine construction sites. Whether you’re refitting superyachts, building commercial vessels, or handling complex structural modifications, your yard faces multi-million-dollar exposures under constant scrutiny from owners, port authorities, and regulators.
1
Vessel Custody & Control
Any damage to a client’s vessel in your care can trigger significant financial claims and long-standing commercial repercussions.
2
Specialized Infrastructure
Travel lifts, cranes, welding rigs, and dry docks all carry operational hazards that can halt yard throughput if mishandled.
3
Environmental Regulations
Oversights in antifouling removal, metal grit containment, or fuel management can lead to heavy fines and forced shutdowns.
4
Labor Exposures
Yard workers and subcontractors are exposed to injury under regimes like Longshore & Harbor Workers’ Compensation or local maritime labor codes.
Our Coverage Solutions
1
Ship Repairers Legal Liability (SRLL)
Covers damage to customer vessels during repairs, retrofits, or maintenance while under your care.
2
Builders Risk Programs
Secures hulls, onboard systems, and machinery during construction, through sea trials and final delivery, including warranty phases.
3
Yard Property & Equipment
Protection for essential infrastructure against fire, operational mishaps, or environmental events.
4
Pollution & Environmental Liability
Including containment and statutory penalties tied to spills or hazardous runoff.
Compliance & Operational Continuity
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Policies designed to meet port authority insurance evidence requirements and indemnity frameworks.
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Structured to align with MARPOL obligations and local environmental mandates, smoothing renewals and lease negotiations.
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Advisory support on workforce safety practices that can reduce premium costs and protect long-term operational capacity.
Your yard is too critical to entrust to a standard industrial package. We build insurance and risk programs that reflect the real value and operational stakes of your shipyard — protecting assets, reputation, and regulatory standing.
Why Leading Shipyards Trust SRMG
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Decades dedicated exclusively to marine risks — we understand shipyards beyond generic commercial coverage.
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Direct lines to Lloyd’s and specialized marine underwriters, enabling tailored programs that local general brokers can’t secure.
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Claims teams experienced with layered liabilities, coordinating vessel owners, port authorities, and shipyard counsel.