Shipyards &
Builders
Beyond Policies — Why Shipywards face Complex Liabilities
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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.