STARR’s Hull & Machinery policy provides coverage for physical loss or damage to the insured vessels.
Hull & Machinery
Hull & Machinery provides the coverage needed; whether it's a harbor passenger vessel, offshore crew boat, or a tug and barge navigating inland waterways. Our standard Hull & Machinery policy provides coverage for physical loss or damage to the insured vessels. While coverage is based on standard forms, our product can be tailored to fit each client's unique needs.
Hull Builder's Risk:
Building ships is a large, complex undertaking, and undesired events can occur at any time. STARR's Hull Builder's Risk coverage insures builders or owners against physical loss or damage to vessels during the construction period.
Our Hull Builder's Risk insurance policy covers collision liability as well as protection and indemnity (P&I) exposures during trial trips and can also be extended to cover delivery trips. To help simplify your risk management process, our coverage is provided on standard marine industry forms, and limits are offered on per-vessel and/or per-yard basis.
Protection & Indemnity:
Covers a vessel owner's liabilities arising out of the operation of scheduled vessels. Standard industry forms or pre-approved manuscript wordings are utilized, providing coverage for liabilities incurred as a result of damage to third-party property and injury to or death of crewmembers and third parties. Limits up to $1,000,000 (USD) are offered.
Maritime Employer’s Liability:
Provides coverage to employers for liabilities incurred under the Jones Act as a result of their employees carrying out their duties on board non-owned vessels. Limits up to $1,000,000 (USD) are offered.