Offshore Construction Insurance

We provide coverage for oil and gas platforms, offshore wind farms, subsea pipeline installation, marine infrastructure development, port and harbor construction, bridge and tunnel projects, offshore renewable energy installations, and specialized marine engineering projects.

Weather delay insurance covers additional costs when adverse weather conditions extend your project beyond planned weather windows. This includes vessel standby costs, accommodation expenses, equipment rental extensions, and contract penalty costs when weather conditions prevent normal offshore operations.

Coverage includes marine construction vessels, dynamic positioning systems, cranes and lifting equipment, diving and ROV systems, welding and cutting equipment, pile driving equipment, concrete placement systems, survey and positioning equipment, and specialized offshore construction tools.

Environmental coverage includes pollution liability, marine ecosystem protection, cleanup costs, third-party environmental claims, regulatory fines and penalties, and habitat restoration expenses. Coverage is tailored to specific environmental sensitivities of your project location.

Required documentation includes project specifications and timeline, construction methodology statements, vessel and equipment schedules, environmental impact assessments, health and safety plans, contractor qualifications and experience, project value and contract details, and location-specific risk assessments.

Yes, we provide global coverage for offshore construction projects worldwide. Coverage can be extended to include international waters, foreign territorial waters, and projects subject to different regulatory jurisdictions, with appropriate legal and regulatory compliance provisions.

Professional indemnity covers design errors in marine engineering, surveying mistakes, project management negligence, technical specification errors, regulatory compliance failures, and environmental assessment errors. Coverage includes legal defense costs and damages awarded against your professional services.

Policies can be extended to cover project delays and timeline changes. Extension coverage includes continued protection for completed works, ongoing construction phases, equipment coverage, and liability protection throughout the extended project period.

Yes, specialized coverage for offshore wind farms, tidal energy projects, wave energy installations, and floating solar projects. This includes turbine installation coverage, subsea cable protection, grid connection insurance, and long-term operational transition coverage.

Diving operations coverage includes commercial diving liability, diving equipment failure, decompression incidents, underwater welding risks, ROV operations, saturation diving coverage, and emergency medical evacuation from offshore locations.

Vessel coverage includes construction barges, crane vessels, accommodation vessels, supply boats, diving support vessels, dynamic positioning failures, vessel collision and allision, and specialized marine equipment mounted on vessels.

Business interruption covers additional costs when construction is delayed or interrupted, including extended vessel charter costs, accommodation expenses, equipment standby charges, contract penalty protection, and loss of anticipated profits from project delays.

Subsea construction coverage includes pipeline installation, subsea structure installation, underwater welding and connections, ROV operations, saturation diving, subsea equipment failure, and specialized deep-water construction techniques.

Premium factors include project location and water depth, construction methodology and complexity, project value and duration, weather window restrictions, contractor experience and safety record, equipment values and specifications, and historical loss experience in similar projects.

Coverage timing depends on project complexity, but typically ranges from 2-4 weeks for standard projects to 6-8 weeks for complex or high-value projects. Emergency coverage can sometimes be arranged more quickly for urgent project requirements.

Claims support includes 24/7 emergency response, specialist marine loss adjusters, technical expert appointment, emergency cost authorization, temporary repair coverage, and coordination with salvage and emergency response services.

Insurers typically require demonstrated experience in similar offshore construction projects, appropriate marine construction qualifications, proven safety management systems, financial stability, and relevant industry certifications and accreditations.

Multi-phase coverage can be structured to protect each construction phase separately or provide continuous coverage throughout the entire project lifecycle, including transitions between phases and long-term maintenance periods.

Common exclusions include war and terrorism, nuclear risks, gradual pollution, design defects (unless PI coverage included), normal wear and tear, and losses due to inadequate maintenance. Specific exclusions vary by policy and can often be modified.

Yes, coverage can be customized for jack-up platform construction, floating platform installation, pile driving operations, heavy lift operations, cable laying, dredging operations, and other specialized marine construction techniques.

Currency considerations include policy currency selection, exchange rate protection options, multi-currency coverage provisions, and protection against currency devaluation impacts on project costs and insurance values.

Risk management services include pre-project risk assessments, weather forecasting and planning, safety management system reviews, emergency response planning, contractor vetting, and ongoing project monitoring and support.

Integration options include coordination with existing marine insurance, umbrella liability coverage, corporate property programs, and ensuring consistent coverage terms and conditions across all insurance layers.

Emergency coverage includes medical evacuation from offshore locations, emergency personnel transportation, search and rescue costs, emergency equipment mobilization, and coordination with coast guard and emergency services.

Coverage can include protection against regulatory changes that impact project costs, compliance upgrade requirements, permit delays, and additional safety or environmental requirements imposed during construction.

Joint venture coverage includes protection for all project participants, clear liability allocation between parties, coordinated insurance programs, and coverage for joint venture-specific risks and exposures.

Offshore construction insurance costs typically range from 0.5% to 3% of total project value, depending on project complexity, location, duration, and risk factors. North Sea projects generally cost more than nearshore work due to harsh conditions. Weather delay coverage adds approximately 0.2-0.8% to premiums.

Yes, offshore wind farm construction requires specialized coverage beyond standard construction insurance. This includes turbine transportation and installation, subsea cable laying, transformer station construction, weather delay protection, and grid connection coverage. Each phase requires specific risk assessment.

North Sea projects require comprehensive coverage including severe weather protection, equipment breakdown coverage, marine construction all risks, pollution liability, wreck removal, and extended weather delay insurance. The harsh North Sea environment demands higher coverage limits and specialized terms.

Coverage periods vary from 6 months for simple installations to 3+ years for complex projects. Policies can include extended maintenance periods, defects liability coverage, and operational transition phases. Weather delays can extend coverage automatically to protect against seasonal variations.

While not legally mandatory, offshore construction insurance is typically required by project contracts, financing agreements, and regulatory authorities. The Crown Estate, port authorities, and environmental agencies often specify minimum insurance requirements for offshore projects.

Equipment coverage includes marine construction vessels, dynamic positioning systems, cranes and lifting gear, diving equipment, ROVs, welding systems, pile drivers, survey equipment, and specialized offshore tools. Coverage extends to equipment in transit, storage, and operation.

Yes, coverage is available for projects from £100,000 to multi-billion pound developments. Small projects include jetty construction, marina development, coastal protection works, small wind installations, and harbor improvements. Minimum premiums typically apply.

Weather coverage includes storms, high winds, excessive wave heights, poor visibility, lightning, extreme temperatures, ice conditions, and extended periods outside operational weather windows. Coverage thresholds are typically based on specific wind speeds and wave heights.

Yes, modern offshore construction relies heavily on digital systems including dynamic positioning, project management software, communication systems, and automated equipment. Cyber coverage protects against system failures, data breaches, and cyber attacks affecting construction operations.

Offshore construction insurance specifically covers projects beyond the low water mark in open waters, while marine construction includes coastal, harbor, and inland waterway projects. Offshore coverage addresses deeper water risks, weather exposure, and remote location challenges.

Pollution coverage includes accidental spills, fuel leaks, construction material discharge, habitat damage, cleanup costs, third-party claims, regulatory fines, and environmental restoration. Coverage limits typically range from £1 million to £100 million depending on project sensitivity.

Contractors typically need marine construction experience, relevant certifications (CITB, CSCS, diving qualifications), proven safety records, financial stability, appropriate equipment, and demonstrated capability in similar offshore environments. Insurers assess track records carefully.

Yes, specialized coverage is available for offshore wind farms, tidal energy projects, wave energy installations, floating solar arrays, and hybrid renewable systems. Coverage includes installation, grid connection, commissioning, and transition to operational phases.

Weather delay coverage compensates for additional costs including extended vessel charter, accommodation expenses, equipment standby charges, contract penalties, and mobilization costs. Coverage typically activates when weather exceeds predetermined thresholds for specified periods.

Standard policies typically exclude terrorism, but coverage can be added through specialist terrorism insurers. This is particularly important for high-profile projects, critical infrastructure, or projects in sensitive locations. Coverage includes physical damage and business interruption.

Oil and gas offshore construction requires comprehensive coverage including platform installation, drilling equipment, pipeline laying, subsea systems, environmental liability, business interruption, and specialized equipment breakdown. Higher limits apply due to project values and environmental sensitivity.

Diving coverage includes commercial diving liability, equipment failure, decompression incidents, medical emergencies, saturation diving, underwater welding risks, and emergency evacuation. Coverage extends to both air diving and mixed gas operations in various depths.

Coverage limits vary by insurer capacity and project requirements, typically ranging from £10 million for smaller projects to £5 billion+ for major developments. Large projects often require multiple insurance layers and international reinsurance support.

Construction vessels can be covered under project insurance or separate marine hull policies. Project coverage is often more cost-effective and provides better coordination. Vessel coverage includes hull damage, machinery breakdown, and third-party liability.

Environmental assessments typically include marine ecology surveys, pollution risk assessments, habitat impact studies, species protection measures, and compliance with environmental regulations. Insurers review these to determine environmental liability exposure and coverage terms.

Retrospective coverage is generally not available for offshore construction. Insurance must be arranged before project commencement. However, coverage can sometimes be arranged for projects already underway if no losses have occurred and full disclosure is provided.

Business interruption covers lost profits, ongoing expenses, contract penalties, additional costs due to delays, extended accommodation, vessel standby costs, and alternative construction methods. Coverage typically includes both physical damage and non-damage business interruption.

Claims should be reported immediately to insurers, with detailed incident reports, photographs, expert assessments, cost estimates, and supporting documentation. Emergency measures can often be authorized by phone, with formal documentation following. Specialist marine adjusters typically handle offshore claims.

Seasonal factors include winter weather windows, storm seasons, daylight hours, sea temperature effects on equipment, ice conditions, and wildlife protection periods. Insurance terms often reflect seasonal risk variations with adjusted premiums and coverage conditions.

Design coverage is typically provided through professional indemnity insurance rather than construction policies. However, construction insurance can include coverage for design changes, specification errors discovered during construction, and resulting additional costs.