Protection for vessels, machinery, and marine assets against physical damage, operational incidents, and navigation-related risks.
Protection for vessels, machinery, and marine assets against physical damage, operational incidents, and navigation-related risks.
Specialist Risk Group (SRG) tailors bespoke Marine Hull solutions engineered for vessel owners, operators, and marine-service providers across Singapore and the wider region. Working with specialist marine insurers and Lloyd’s markets, we structure programmes that reflect vessel type, trading limits, operational risk, and regulatory requirements. Our consultative approach ensures your Hull and Machinery (H&M) coverage, deductible structures, and navigational warranties are aligned with your commercial operations, providing robust protection for both day-to-day activity and high-exposure marine environments.
Marine Hull insurance protects vessels and onboard machinery against physical loss or damage arising from maritime perils. With increasing global trade, congested port environments, rising repair costs, and stricter regulatory oversight, vessel operators face significant operational exposure. Marine Hull coverage provides essential financial protection for vessel owners, reducing downtime, supporting safe operations, and enabling continuity of service across domestic and international waters.
Protection for physical damage to the vessel’s hull, equipment, engines, and machinery due to collision, grounding, fire, weather events, or other maritime perils.
Indemnity for the vessel’s proportion of liability arising from collisions with other vessels.
Additional protection where vessel valuation or financial exposure exceeds standard H&M limits.
Cover for measures taken to prevent or minimise loss, and for contributions required under maritime law during General Average events.
Indemnity for charges associated with saving or recovering a damaged vessel.
Protection for war, terrorism, piracy, civil unrest, and strike-related hazards typically excluded from standard H&M cover.
Marine Hull insurance is suitable for owners and operators of commercial or specialist vessels, including:
Coverage for goods transported by sea, air, or land against loss, damage, or transit disruptions.
Comprehensive protection for buildings, equipment, stock, and physical assets against accidental loss or damage.
Protection for lost revenue and operating costs when physical damage or an insured event disrupts business operations.
Indemnity for accidental third-party bodily injury or property damage arising from your business activities.
Mandatory employee injury cover providing statutory benefits for workplace accidents, illness, or death.
Protection against cyberattacks, data breaches, ransomware, and digital disruptions to business operations.
Marine Hull insurance, also known as Hull and Machinery (H&M) insurance, protects vessels and onboard machinery against physical loss or damage caused by maritime perils such as collision, grounding, fire, weather events or navigational incidents.
Marine Hull insurance is essential for vessel owners, operators and charterers responsible for the operation, maintenance or financial risk of commercial or specialist vessels.
H&M insurance covers physical damage to the vessel’s hull, engines, machinery, equipment and fittings arising from insured maritime risks, subject to policy terms and navigational limits.
The insured value is usually based on an agreed value reflecting market value, replacement cost, or contractual valuation, depending on vessel type and ownership structure.
Yes. Collision liability is typically covered under the Running Down Clause (RDC), which indemnifies the insured vessel’s proportion of liability arising from collisions with other vessels.
Yes. Marine Hull policies generally cover reasonable salvage, towage and recovery costs incurred following an insured incident, as well as Sue and Labour expenses.
Sue and Labour covers costs incurred to prevent or minimise further loss following an insured event, such as emergency repairs or actions taken to protect the vessel.
Yes. Marine Hull insurance can cover the vessel’s contribution to General Average, where sacrifices or expenses are shared under maritime law to preserve the voyage.
These covers provide additional protection where the vessel’s financial exposure exceeds the standard insured hull value, often used to protect capital investment or financing arrangements.
War and Strikes Risks are typically excluded from standard H&M policies but can be insured separately to cover war, terrorism, piracy, civil unrest and strike-related hazards.
Yes. Sudden and accidental mechanical or electrical failure of insured machinery is typically covered, excluding wear and tear or gradual deterioration.
Yes. Specialist cover can be arranged for vessels under construction, conversion or sea trials, protecting assets before full operational deployment.
Yes. Marine Hull policies include trading limits, navigational warranties and operational conditions that define where and how the vessel may operate. Breach of these terms can affect coverage.
We provide specialist marine advice, structured cover aligned to vessel operations and regulatory requirements and supports clients through complex marine claims to minimise downtime and financial impact.
You can easily contact us by filling out the form. Once you have submitted your enquiry, one of our friendly colleagues will reach out to you.