All-Risks / Physical Damage Insurance (Hull & Equipment)

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All-risks physical damage insurance for vessels, floating plant, marine construction equipment, workboats, dredgers, barges, pontoons, cranes and operational machinery used on or near water. Specialist cover for hull, machinery, engines, hydraulics and all marine engineering assets.

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We work with leading marine & engineering insurers

ALL-RISKS PHYSICAL DAMAGE COVER FOR VESSELS & MARINE ENGINEERING EQUIPMENT

  • Hull & Machinery

  • Floating Plant Cover

  • Damage, Salvage & Towage

  • 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
  • Corrosion, saltwater deterioration & fatigue
  • Towage, salvage & recovery costs
  • Pollution liabilities (fuel/oil spills)
  • Theft on water or at marine compounds
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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
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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
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FREQUENTLY ASKED QUESTIONS

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Does all-risks cover apply both on water and during transport?

Yes - cover can include operational use, transit, towage, loading/unloading and storage, depending on your policy.

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Does the policy cover machinery breakdown?

Yes - engineering breakdown can cover engines, propulsion systems, hydraulics, electrics, cranes, winches and more.

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Are salvage and wreck removal covered?

Yes - salvage, towage, emergency recovery and wreck removal can be included depending on vessel/plant type.

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Is equipment covered while attached to a vessel?

Yes - equipment mounted on, affixed to or operated from a vessel or pontoon can be insured under the same policy.

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Does the policy cover pollution risks?

Optional pollution cover can protect against spills, contamination, silt release and environmental liability.

Related Covers

Continue with related marine-equipment pages on hull damage, heavy plant, pollution, transit and downtime.

Damage & Machinery

Operational Extensions

Wording & Liability