Our specialist insurance solution allows our clients to recover costs that arise from loss or damage so they avoid or minimise them (known as ‘sue and labour’). Hull & Machinery insurance also covers the costs of salvage and general average, as well as liabilities to third parties involved in a collision.
No matter which business sector a client is in – or where they operate – Lockton Edge and the wider Lockton Marine network has the experience and market influence to secure the best value terms and premium for vessels and equipment. We are experienced in developing bespoke solutions to handle all kinds of complex risks.
Hull & Machinery covers the Assured’s economic interest in a ship and its equipment’s capital value by covering total losses and cost of damage repairs. It also contains an element of liability insurance and costs of measures to avert or minimise the loss – including salvage awards and general average.
Our specialist insurance solution allows our clients to recover costs that arise from loss or damage so they avoid or minimise them (known as ‘sue and labour’). Hull & Machinery insurance also covers the costs of salvage and general average, as well as liabilities to third parties involved in a collision.
No matter which business sector a client is in – or where they operate – Lockton Edge and the wider Lockton Marine network has the experience and market influence to secure the best value terms and premium for vessels and equipment. We are experienced in developing bespoke solutions to handle all kinds of complex risks.
