Introduction to Hull Insurance (90-minutes)

Course Introduction

This live online interactive bitesize insurance webinar is designed to introduce delegates to Hull Insurance.

Who this course is aimed at

Anyone who is new to hull insurance

Pre-requisites

No experience necessary but some general knowledge of marine insurance would be helpful

Course Objectives

By the end of this session attendees will be able to:

• Explain the different types of asset insured under a hull policy
• Identify the key risk considerations and appropriate loss prevention activities
• Outline the legal regimes governing the shipping business
• Identify the principal markets for hull insurance
• Describe the key coverages and exclusions with the main policy forms used
• Outline other related coverages such as Builders’ Risk and P & I

Course Content

• What types of craft can be insured under a hull policy
• Differences between shipowners and charterers
• What are the main differences between hull risks and yacht risks
• Overview of the legal regimes that impact on the shipping business
• What are the key points that underwriters will be considering in relation to each type of risk
• Where are the main hull insurance markets
• Brief comparison of differences between the main hull wordings in use (English/Nordic/German/US)
• Link between hull and liability coverages (Protection and Indemnity insurance)
• Builders risks insurance
• What types of claim commonly arise
• Loss prevention