Our Products & Services
June 5, 2026 2026-08-31 14:35Our Products & Services
Our Products & Services
H&M
We provide comprehensive coverage for physical loss or damage to hull and machinery across a broad spectrum of vessel types. Coverage can be arranged on either an all-risks or named-perils basis, tailored to meet the specific operational and contractual needs of our clients. Our policies can be structured under a variety of internationally recognized wordings and conditions, including but not limited to the Nordic Marine Insurance Plan, Institute Time Clauses, American Hull Clauses, and DTV German Hull Conditions.
IV / Disbursements
Increased Value / Disbursements coverage provides protection in the event of a total loss, covering the cost of replacing the vessel on a like-for-like basis. Typically written as complementary coverage to Hull & Machinery insurance, our policies can be structured under a variety of internationally recognized wordings and conditions, including but not limited to the Nordic Marine Insurance Plan, Institute Time Clauses, American Hull Clauses, and DTV German Hull Conditions.
Loss Of Hire
Loss of Hire insurance indemnifies the insured for loss of charter income during periods when a vessel is unable to operate as a result of physical loss or damage. Coverage is typically written in accordance with the Nordic Marine Insurance Plan, and we are able to provide capacity for up to 100% of the risk.
War
We offer coverage that indemnifies shipowners for loss or damage arising from insurrections, hostile acts by third parties, blockage or trapping of waterways by hostile actors, piracy, and other war-related perils which lead to physical damage to the vessel that are typically excluded under traditional Hull & Machinery policies.
Builders Risk
Ai Marine offers Marine Hull Builders Risk Insurance. This provides protection to shipowners for vessels while they are being built, converted, repaired, or undergoing major refits. This specialised coverage helps safeguard shipbuilders, vessel owners, and contractors against physical loss or damage to the hull, machinery, equipment, and materials during construction and sea trials, until final delivery to the assured.
Coverage can be written on Institute clauses for builders’ risk or chapter 19 on the Nordic Marine Insurance Plan v.2023 and includes covers perils such as fire, theft, weather-related damage, accidents during launching, and other unforeseen events that may occur throughout the building process. Policies can be tailored to cover projects ranging from small craft to large commercial vessels.
Revenue Protection
Delay in Delivery / Non-Delivery
Provides cover for loss of income arising from delayed delivery or non‑delivery of newbuildings or major conversions due to insured events such as physical damage, force majeure or yard failure, typically structured on a daily indemnity basis aligned with shipbuilding contract terms.
Purchase Option Insurance
Protects the financial value of a purchase option by indemnifying the difference between the agreed option price and the vessel’s value in the event of total loss or severe damage prior to exercise.
Trade Disruption Insurance (TDI)
Covers loss of income resulting from physical or non‑physical events such as port closures, blockages, embargoes or third‑party failures that disrupt operations without necessarily causing damage to the vessel.
Contract Termination
Protects against loss of long-term charter income where a contract is terminated following an insured event, supplementing Loss of Hire by covering longer-term revenue exposure.
Liquidated Damages
Covers contractual penalties payable for delay or non‑performance caused by insured physical damage, with limits aligned to the underlying contract structure.
AICOR (Anticipated Increased Cost of Replacement)
Covers the increased cost of replacing a vessel following a total loss where market values or newbuilding prices have risen beyond the original insured value.
Non-Revenue Protection
Contingency Costs
Indemnifies additional costs incurred to maintain operations following disruption, including logistics, transport and mitigation expenses necessary to preserve service continuity.
Contingent War / CEND
Provides protection against confiscation, expropriation or deprivation of a vessel following cancellation or non‑renewal of primary War Risks insurance, responding as a secondary layer of cover.
General Average (Extended Absorption)
Covers voluntary absorption of General Average contributions and associated costs, reducing exposure to unrecoverable GA expenses.
CAR/EAR Deductible Buy-Down
Reduces deductibles under primary marine or energy policies by attaching excess cover that mirrors underlying terms and conditions.
Subsea & Overside Equipment
Provides cover for loss or damage to ROVs, AUVs, streamers and other offshore equipment, including recovery costs, with underwriting focused on technical specifications and operational controls.
Sustainable Recycling
Covers liabilities and costs associated with the environmentally compliant recycling of vessels, ensuring adherence to regulated yard standards and international conventions.
Let's work together
Our relationships with shipowners, brokers and all other parties involved in marine insurance are paramount.
