Offshore & Renewable Energy
P&I insurance for the offshore and renewable energy sectors, tailored to the unique specialist nature of the vessels involved.
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Offshore contracts regularly require owners to assume additional liabilities over and above what would be expected under common law. These additional liabilities are not covered by our standard P&I insurance.
That’s why we offer an Offshore insurance solution to cover the additional risks which sits alongside, and augments Member’s standard P&I Rules cover.
FAQ's
As part of our Offshore insurance, Members have access to our exceptional claims, underwriting and loss prevention teams, who can provide specialist advice, guidance and cover for a diverse range of organisations and vessels.
We cover all vessel types used in the offshore and renewable energy industry, including:
- Wind Turbine Installation Vessels
- Offshore Construction Vessels
- Platform Supply Vessels (PSVs)
- AHTS Vessels
- Offshore Support Vessels (OSVs)
- Crew Transfer Vessels (CTV)
- Commissioning Service Operation vessel (CSOV)
- Dredgers
- Accommodation Units
- Well Intervention Vessels
- Cable Laying Vessels
- Dive Support Vessels
- Pipelay Barges
Yes. The Club provides a bespoke contract review service to identify where and to what extent additional cover may be required.
Additional Covers
Typical exposures encountered include:
- Waiver of right to limit liability
- Contractual wreck removal
- Loss of or damage to Contract Works
- Extended Pollution cover
- Extended Towage
- Salvage
- Naming of parties as Co-assured and Waiving Rights of Subrogation
Cover for claims arising from specialist operations which would otherwise be excluded by standard Club Rules insurance. Such operations include dredging, blasting, pile-driving, well-intervention, cable or pipe laying, construction, installation and maintenance work, core sampling, depositing of spoil, and decommissioning.
Offshore and Renewable energy contracts can require the member to assume liability for loss of or damage to the property being worked upon. This generally will relate to the deductible under a head contractors CAR policy. This is often referred to as a Deductible Buy-back. The Club can provide cover for claims arising from the negligence of the member and assumed under such contracts.
Cover for liabilities, costs and expenses arising from the operations of professional divers when you are responsible for their activities.
Cover for liabilities arising from the operation of Remotely Operated Vehicles (ROVs), mini-submarines, diving bells and other unmanned underwater vehicles.
Normal P&I Rules cover provides P&I war risk cover excess of the hull value, with the primary P&I war risk up to hull value being usually covered by the Hull P&I war underwriters.
Product brochure
Contract review guide
