If a vessel or equipment is lost or damaged, the consequences can be expensive and complex. Lockton Marine’s Hull & Machinery risk experts help clients manage these risks.
Bespoke solutions to handle all kinds of complex risks
Our specialist insurance allows our clients to recover costs that arise from loss or damage, so they avoid or minimise them (known as ‘sue and labour’). Hull & Machinery insurance also covers the costs of salvage and general average, as well as liabilities to third parties involved in a collision. No matter which business sector a client is in, or where they operate, Lockton Marine has the experience and market influence to secure the best value terms and premium for vessels and equipment. We are well used to developing bespoke solutions to handle all kinds of complex risks.
Products and Services
Products
Hull & Machinery
Increased value/disbursements
Freight
Loss of hire/Loss of earnings
War risks (including Cargo War)
Mortgagee's interest/Mortgagees/Additional Perils/ Innocent owners
Mortgagee's rights
Builders' risk
Port risks
Subsea cables (power and fibre), construction and operational
Offshore construction (including contractual exposures for subcontractors and deductible buy downs)
Additional products
Contract review
Risk advisory
Claims consulting
Lender requirements
Talk to a Hull and Machinery specialist
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It has been a pleasure working with Lockton Marine. We are confident that all of our risk management needs are secure as we accelerate our growth to be a continued global leader in the industry
Leading provider of offshore service vessels
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We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.
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