Commercial Hull

Commercial Hull

Protecting your vessels, ensuring your future

APPETITE LIST:
  • Covered

    Barges

  • Covered

    Bareboat Charters

  • Covered

    Builders Risk

  • Covered

    Cargo/Supply Vessels

  • Covered

    Charter Fishing Vessels

  • Covered

    Charter Vessels

  • Covered

    Commercial Fishing Vessels

  • Covered

    Demonstration Vessels

  • Covered

    Dive Boats

  • Covered

    Dredges

  • Covered

    Ferries

  • Covered

    Passenger craft

  • Covered

    Tugs

  • Covered

    Workboats

COVERAGE:
  • Vessel Hull Damage:
    Our marine hull insurance provides coverage for physical damage to the vessel's hull and machinery, including damage caused by collisions, grounding, sinking, fire, explosion, and other perils.

  • Total Loss Coverage:
    In the event of a total loss of the insured vessel, our policy provides reimbursement on an agreed value or market value basis for the vessel, offering financial security and peace of mind to vessel owners.

  • Partial Loss Coverage:
    Our policy also covers partial losses, including repairs to the vessel's hull and machinery, salvage costs, and other expenses incurred to restore the vessel to its pre-loss condition.

  • Protection and Indemnity (P&I) Insurance:
    In addition to hull coverage, we offer optional protection and indemnity insurance to protect vessel owners against third-party liabilities, including bodily injury, property damage, pollution liability, and legal expenses.

  • Sue and Labor Coverage:
    Our policy includes coverage for reasonable and necessary expenses incurred by the insured to minimize or prevent further loss to the vessel, such as emergency repairs, salvage costs, and towing expenses.

  • Pollution Liability Coverage:
    Our policy includes coverage for pollution liabilities arising from accidental spills or discharges of oil, fuel, or other pollutants from the insured vessel, helping vessel owners comply with environmental regulations and mitigate financial risks.

  • Loss of Hire Insurance:
    We provide optional loss of hire insurance to compensate vessel owners for lost income resulting from the vessel's temporary loss of use due to insured damage or repairs, helping mitigate the financial impacts of downtime.

  • Customisable Solutions:
    We understand Hull and will tailor insurance solutions that meet client’s specific needs and requirements, considering factors such as vessel type, size, age, trading area, and risk profile.

  • Industry Expertise:
    With years of experience in the maritime industry, our team possesses deep knowledge and expertise to address the unique challenges and complexities of vessel ownership and operation, providing valuable insights and guidance to our clients.

  • We understand that each business is different. So whether you’re operating a small workboat, a charter vessel, or a large hull fleet, the team at Marinex can customise a solution for all of your individual hull or fleet business needs.

    BENEFITS:
  • Financial Protection:
    Offering clients financial protection against the high costs of repairing or replacing a damaged vessel. It ensures that they have the necessary funds to restore their vessel to a seaworthy condition and resume operations promptly.

  • Risk Management:
    Marinex Hull policy allows our clients to focus on safely navigating their vessels and conducting business without undue concern about potential losses.

  • Compliance Assurance:
    By demonstrating a commitment to safety and risk management, enhancing the owner's reputation and credibility within the maritime community.

  • Business Continuity:
    In the event of a covered loss, our Commercial Hull insurance helps vessel owners maintain business continuity by providing financial support to repair or replace the damaged vessel, cover legal expenses, and return operations to full capacity quickly.

  • Peace of Mind:
    With increased weather events and changing landscapes, our policy offers clients peace of mind by providing financial protection against unexpected losses or damages to their vessels arising from water hazards, vessel or machinery damage, fire, theft, and/or liabilities arising from these risks.

  • Builders Risk
  • Protection for Builders risks construction projects and risks associated with the construction, repair, or renovation of vessels, marine structures, and other related projects. Covers physical loss or damage to the insured property during the course of construction, including risks such as fire, theft, vandalism, natural disasters, and other unforeseen events. It may also include coverage for additional expenses incurred due to delays in the project caused by covered perils.
  • An essential cover for anyone involved in boat building ranging from small, independent builder to large shipyards providing a safety net enabling you to take on work with confidence and security.
  • Broker Benefits

    Professional Guidance

    Working with experienced marine underwriters gives you access to unrivaled expertise in navigating the complexities of marine insurance, helping to ensure you have the right coverage solution for your clients.

    Service Excellence

    Marinex offers responsive support and assistance throughout the full insurance lifecycle. We build our business on long-term partnerships that we foster through a shared understanding of client-centric service values.

    Peace of Mind

    With increased weather events and changing landscapes, our policies offer your clients peace of mind knowing they have the strength and stability of one of the most experienced specialist marine teams protecting their business and livelihood.

    Backed by World Leading Security

    Lloyd’s is the world’s specialist insurance and reinsurance market. Operating in more than 200 countries and territories worldwide, the Lloyd’s market has an unrivaled concentration of specialist underwriting expertise. For more than 150 years, Lloyd’s has provided tailored insurance and reinsurance solutions for a variety of Australian risks. Lloyd’s is licensed to write general insurance and reinsurance business under the Australian Insurance Act 1973. In 2018, Lloyd’s underwriters wrote A$2.8 billion of business in Australia, making Lloyd’s the fifth largest general insurer in the Australian market.

    Lloyd's

    Insurance partner

    “If you're a broker and would like to discuss your client's Commercial Hull needs, contact a Marinex specialist today.”