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Yachts in Construction and New Projects

Coverage Options for Your New Yacht Projects

 

Building and designing a new yacht can come with many challenges, some of which may be unexpected. Complex designs and unforeseen costs can appear at any given time, which is why at Fort Insurance, we have plenty of cover options for you to choose from.

Builders Risk Cover

Your new building projects can be safeguarded with Builder’s Risk Insurance, covering the vessel from start to finish. This protects against accidents, damages, and even total loss. You may need to explore this option if you are a shipyard or vessel owner. 

Full Refit Cover

We understand that your yacht needs protection throughout its lifecycle. Whether your vessel is still under construction, undergoing a major refit, or cruising the world, we have you covered. Our comprehensive insurance solutions extend beyond standard navigation risks. We offer complete policies to safeguard your vessel during the refit process, ensuring peace of mind while your yacht attends the yard.. Additionally, for those extensive refit projects that significantly increase your yacht’s value, we can tailor coverage to reflect its updated worth. Fort Insurance is here to keep your investment protected.

Crew/Employee Cover

During the construction phase in a shipyard, it is crucial to ensure that not only your vessel but also your crew and employees are suitably covered. This specialised insurance acknowledges the unique hazards associated with shipyard environments, such as welding fumes, heavy machinery operation, and potential slips and falls. In the unfortunate event of an accident, injury, or illness, our crew/employee cover ensures your team receives the necessary medical attention and financial support they deserve.

Customised Solutions for Yachts in Construction

Building a new yacht is an exciting venture, but managing risk is crucial. At Fort Insurance, we specialise in crafting customised insurance solutions specifically for yachts in construction.

Fort Insurance keeps your project on track. Let our experts guide you towards the perfect insurance solution for your new yacht. We’ll handle the risk management, so you can focus on building with confidence.

Get in touch to discuss all options regarding insurance for your yacht in construction or various new projects.