Superyacht Insurers

Superyacht Insurers

Superyacht insurers have specific needs which are fulfilled by our experts applying the well-known methods and skills to the high value vessels, demanding owners and their unique requirements.
Both H&M and P&I claims are handled, providing additional services such as VDR and AIS data processing and analysis, nautical accidents investigations, injury assessments, all under a unique coordination and in the interest of the principal.
Paint claims, interiors and outfitting damages, yacht condition and value assessments are the additional specialties offered.

Our experts can investigate the cause, nature and extent of damages and failures of hull, structures, systems and machinery of all types of ships and yachts.
Through the experience of our Naval Architects and Marine Engineers, Master Mariners and Chief Engineers we can report quickly to the interested parties and with respect to the underlying frame of rules, policies and relations.
Root cause analysis is carried out following the requirements of the Principal since the investigation stage, in order to collect the relevant information and evidence.
Analysis of IT records and VDR data complements the field inspections.
Samples of fuel, oils and other fluids, and failed parts of machinery and structures, can be analyzed by independent laboratories to investigate the cause of damages.
Estimated duration and cost of repairs, or loss of hire, are updated continuously in order to allow Principal to reserve the claim properly.

Investigations of all marine accidents, including collisions and groundings, are carried out by our specialists also through the analysis of electronic navigational data, VDR recordings, AIS data in order to provide all the factual evidence necessary for the definition of liability.
VDR and AIS data are elaborated from raw format with own tools, in order to obtain the full extent of information without the limits of playback software or third party elaborations.
Accidents are reported in detail on nautical charts and with all relevant information, including other vessels, limits to navigation, milestone events and communications.
Comments on liability based on COLREG and other applicable international and local rules can be provided also separately.

After a proper attendance we can provide Risk Assessments of vessels and management companies in accordance with the recognized JH2006/010 guidelines, as well as any other form or guideline provided by the Client.
Engine Room Management & Machinery Risk Assessment, Condition Survey, Office Management Assessment and Structural Condition Survey can all be carried out in the interest of the Client, with a prompt Recommendation and Follow up reporting for deficiencies which might arise.
The same method is applied to various guidelines and forms as provided by Clients such as P&I Clubs, Charterers, etc.

Several Risk Assessments in accordance with JH143 guidelines have been already carried out in repair and construction shipyards, both for merchant vessels and superyachts, in order to provide Insurers with the proper risk profiles in advance.
Risk Assessment can also be specific for a single activity (such as maintenance and repairs) or for a construction, in case of Builders’ Risk cover.

The vast and diverse experience of our people is key in assisting interested parties and their lawyers on all technical aspects of ship construction, operations, casualties, accidents and injuries.
Technical knowledge is provided within the legal framework given, in order to pursue the desired results while making arguments understandable for all involved parties.

We can assist in the management of various projects and tasks, including conversions, major repairs, project cargo, technical audits, fleet maintenance review, contract management, etc.

Marine injuries investigations are carried out in accordance with applicable law and rules, and based on the evidence available and collected through the monitoring  systems.
Analysis of root cause and of applicable procedures and rules provides information on the expected liabilities.
In case of dispute, we can assist providing expert advice and support at hearings.