Tag Archives: Construction

Vessel & Rig Construction Insurance Options – What You Must Know

Builder's All Risk (BAR): What is it? BAR coverage is first-party coverage which is essentially an all risk property policy, plus liability and protection and indemnity (P & I) extensions to it. Who is to be included within the Named … Continue reading Continue reading

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Insurance Required During Construction Or Conversion of Vessels Or Rigs

1. Builder's All Risk Insurance: Usually during the contract negotiation stage, when it is as yet unclear as to which party will be accepting which liabilities, which party will be responsible for procuring the insurance and absorbing the deductibles, etc., … Continue reading

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