INSURANCE ROUND TABLE FOR SHIP REPAIR AND MAINTENANCE COMPANIES
PROJECT INFORMATION:
DATE: 25/11/2021
VENUE: Assembly Hall – Port Authority
Balearic Marine Cluster holds its face-to-face REFIT commission and a round table on insurance for ship repair and maintenance companies.
PARTICIPANTS:
- José Miguel Cuart, Director Balearic Islands – Howden-Artai
- Pepe Baeza, CEO – Grupo Baeza
- Mar Rodríguez de Trujillo, Head of Nautical Division – Seippel & Seippel
CONTENT:
Baeza Group:
- Own damage or damage to own vessels
- SME insurance – and including own vessels for sale
- Boat transport insurance
- Public Liability
- General
- Ship/boat repairer
Howden:
- Aspects to consider when the Master or Owner acts as Project Manager, i.e. if it is he and not a Main Contractor who directs the work to be carried out on the Yacht.
- Advantages of having the work carried out by a specialist Main Contractor.
- Possibility of claiming loss of freight, in this case loss of Charters …. in the event of an accident that delays the completion of work committed to date.
- Limitation of liability on the part of the subcontractor.
- Time limitation for claim….Shiprepairs vs. Marine Liability Policy
Seippel and Seippel
- As a repair company, what obligations do you have towards contractors?
- Can you be held liable for damage caused by a subcontractor?
- Compliance with the rules of prevention of occupational hazards (RC accidents at work)
- What is the difference between a general CR and a specific CR for ship repairers?
- What is the importance of including post works/products cover in the policy and limiting the cover?
- Policies may include a certain sum insured, but what about sub-limits?
- Is the object worked on always covered?
- Is the transfer/custody of the pieces being worked on covered?
- Territorial scope, in which countries does the policy cover? If work is carried out outside Spain, coverage must be extended.
- Is it necessary to include a specific clause in the car policy to be able to drive in ports, dry docks…)? Important as there are many people who drive around docks without knowing that they would not be covered in the event of an accident.
BENEFICIARIES:
- Companies in the nautical sector.
- Shipowners
