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Insure24 is a commercial insurance broker. We can help businesses organise and present information about their equipment, operations, locations, responsibilities and controls to suitable insurer markets. Availability, cover and terms depend on the individual risk, disclosure, underwriting and policy wording.
This page provides general information only. Examples of equipment, events and policy sections do not confirm that a particular risk, activity, loss or cost will be accepted or covered.
Commercial insurance broker support for marine and engineering risks
ALL-RISKS PHYSICAL DAMAGE COVER FOR VESSELS & MARINE ENGINEERING EQUIPMENT
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Hull & Machinery
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Floating Plant Cover
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Damage, Salvage & Towage
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Equipment Breakdown
Complete asset protection for vessel owners and marine contractors
Whether you operate dredgers, barges, workboats, tugs, pontoons, marine cranes, piling rigs or coastal engineering equipment, all-risks insurance protects your assets against damage, machinery failure, marine hazards, submerged objects, lifting accidents, collisions and more.
Key Risks for Vessels, Floating Plant & Marine Equipment
Marine operations expose hulls, machinery and equipment to forces not found on land.
- Collision, grounding & capsizing
- Damage from submerged objects & debris
- Flooding, ingress of water & hull penetration
- Engine, gearbox & propulsion system damage
- Hydraulic failure during operations
- Crane, winch & lifting equipment breakdown
- Whether corrosion, saltwater deterioration or fatigue is insured must be checked against the proposed wording and exclusions
- Towage, salvage & recovery costs
- Pollution liabilities (fuel/oil spills)
- Theft on water or at marine compounds
What All-Risks Hull & Equipment Insurance Covers
- Hull & superstructure damage
- Machinery & engine breakdown
- Loss or damage to equipment & tooling
- Marine cranes, winches & hydraulic systems
- Electrical & mechanical breakdown
- Damage during lifting operations
- Fuel, oil & coolant system failures
- Damage during towing or transport
- Theft from vessels, pontoons or compounds
- Damage to dredging attachments & cutter heads
- Protection during storage or lay-up
- Salvage, recovery & wreck removal costs
Who Needs All-Risks Hull & Equipment Cover?
Commercial Vessel Operators
- Workboats, crew boats & utility vessels
- Tugs, push boats & harbour craft
- Survey vessels
- Dredgers & maintenance vessels
- Passenger & transport vessels
Marine Contractors & Plant Owners
- Floating plant (pontoons, barges, modular pontoons)
- Marine cranes & excavators
- Piling rigs & engineering equipment
- Underwater tools & attachments
- Owners of specialist marine machinery
FREQUENTLY ASKED QUESTIONS
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Does all-risks cover apply both on water and during transport?
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Does the policy cover machinery breakdown?
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Are salvage and wreck removal covered?
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Is equipment covered while attached to a vessel?
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Does the policy cover pollution risks?
Related Covers
Continue with related marine-equipment pages on hull damage, heavy plant, pollution, transit and downtime.