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Operating in a subsea environment is challenging with valuable equipment being used in crucial and varied activities; from supporting the oil and gas industries in oil rig construction and maintenance, extracting scientific data from the sea bed, to salvaging historically significant shipwrecks. Working closely with the industry, we recognise the diverse and dynamic nature of this sector as exploration meets new frontiers.

The insurance market for subsea equipment risks consists of a limited number of specialist insurers and requires that brokers have considerable expertise. Understanding the factors that drive premium and by asking the correct questions from the outset, we can provide these insurers with the necessary information to secure competitive premiums and coverage. Our experience within this sector ensures we can handle subsequent claims professionally.

Our customised wording for marine equipment, including remotely operated vehicles (ROVs) and automated underwater vehicles (AUVs) provides continuous cover against physical loss or damage for equipment in transit to, from and whilst at the site of operations, operational on deck, operational subsea and in store.

We can work independently or alongside our hull colleagues to provide you with a comprehensive solution to mitigate your risk exposures.

Cargo Contacts

Patrick Murphy

Global Head of Cargo

+1 212-915-8697

Further Cargo Contacts

Williswire Marine Blog

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