Hull & Machinery

Hull & Machinery (H&M) insurance policy covers accidental loss or damage to any ship or other vessels like tugboats, barges.

The key coverage provided under the H&M policy are:

• Accidental physical loss or damage to the insured vessel
• Collision Liability arising out of contact with a fixed or a floating object
• Cover for salvage, general average, sue and labour expenses, legal costs

The policy can be issued for a single vessel or for a fleet of vessels.