Marine and offshore operations depend on continuous performance of critical equipment - from ROVs and AUVs to deck cranes, engines, navigation systems, winches and survey tools.
When equipment breaks down or is damaged, the financial impact can be severe. Business Interruption & Loss of Hire Insurance helps cover lost income, contractual penalties, additional costs and operational downtime until repairs or replacements are complete.
What events can trigger a business interruption claim?
Does this insurance cover loss of hire for vessels?
Is cover available for ROV/AUV downtime?
Does this cover contractual penalties or delay costs?
Can hired-in equipment downtime be covered?
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Published on Insure24 | Commercial Insurance for Specialist Operations
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Published: 2025 | Updated: November 2025 | Reading Time: 12 minutes
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