High-Value / Heavy Machinery & Offshore Equipment Insurance

Insurance for high-value offshore equipment including cranes, dredgers, pile-drivers, subsea rigs, heavy marine plant and specialist machinery.

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.

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Insurance for High-Value Marine & Offshore Machinery

Marine and offshore operations rely on extremely valuable and mission-critical heavy machinery. These assets face unique risks - from collision and hydraulic failure to structural damage, breakdown, severe weather, lifting operations and subsea deployment hazards. Insure24 provides tailored protection for operators using cranes, dredgers, pile-drivers, subsea rigs and other specialist marine equipment.

What Heavy Equipment Insurance Covers

Comprehensive protection for high-value marine and offshore machinery.


  • Damage to cranes, dredgers & heavy offshore machinery
  • Structural failure or collapse
  • Hydraulic, mechanical & electrical damage
  • Damage during lifting or load operations
  • Weather, wave impact & storm conditions
  • Fire, explosion & electrical defects
  • Accidental damage during towing or transport
  • Theft of machinery or onboard equipment
  • Operational liability for offshore work

Heavy & Specialist Equipment We Can Insure

Designed for marine contractors, ports, offshore operators and engineering firms.


  • Floating cranes (sheerlegs, pedestal cranes)
  • Pile-drivers & piling barges
  • Dredgers (cutter, suction, grab dredgers)
  • Subsea rigs & engineering platforms
  • Heavy-lift equipment & winch systems
  • Offshore lifting, handling & hoisting systems
  • Excavators & marine construction machines
  • Custom-built offshore equipment
  • Deck machinery & hydraulic systems

Why Heavy-Equipment Operators Choose Insure24


  • Specialist brokers for marine & offshore machinery
  • High underwriting limits for expensive equipment
  • Cover available for dynamic offshore operations
  • Custom packages for complex engineering work
  • Risk details can be organised for presentation to suitable insurer markets
  • Documentation and claims arrangements depend on the insurer and policy terms
  • Transit, storage & deployment cover available

FREQUENTLY ASKED QUESTIONS

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Is offshore lifting and rig work covered?

Yes - specialist offshore lifting, rigging and heavy-lift operations can be included depending on insurer terms.

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Does the policy cover custom-built or modified machinery?

Yes - bespoke or heavily modified offshore equipment can be insured subject to valuation and technical specification.

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Can equipment be insured while in transit or storage?

Yes - cover can extend to land/sea transit, temporary storage and mobilisation/demobilisation phases.

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Can multiple pieces of machinery be included under one policy?

Yes - fleet or multi-asset policies are available for operators with several machines or offshore units.

Related Covers

Continue with related marine-equipment pages on heavy plant, marine construction risk, subsea operations, transit and breakdown protection.