The insured vessel
The hull, machinery and related vessel equipment identified in the placement.
Goods & movement
Hull & Machinery
Cover the vessel and machinery at the centre of marine operations.
Hull & Machinery addresses insured vessels, hull, machinery and related equipment against agreed marine perils.
Introduction
What is Hull & Machinery?
Hull & Machinery is commonly considered by shipowners, vessel operators, financiers and businesses responsible for marine assets. It can address insured vessels, hull, machinery and related equipment against agreed marine perils.
What it protects
What can the policy protect?
The scope of Hull & Machinery should clearly define the insured interests and the protection required.
Operating area and use
Trading areas, ports, vessel use and operating conditions relevant to the risk.
Marine responsibilities
The ownership, financing and operating interests that should be represented in the programme.
Common events
What types of loss can be covered?
The examples alongside help test the proposed programme against realistic situations. They guide the conversation but do not represent automatic cover.
Collision or grounding
The insured vessel or its machinery suffers physical damage following a collision or grounding.
Fire or explosion
Fire or explosion causes physical damage to the hull, machinery or insured vessel equipment.
Severe weather, sinking or capsizing
A storm or other marine casualty causes physical loss or damage to the insured vessel.
Programme context
Where this cover fits
Industry applications
The role of the cover should reflect the operation, contractual responsibilities and potential severity of loss.
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Petrochemical, Oil & Gas
For technically complex operations with concentrated values, specialist contractors and severe loss potential.
Transportation & Logistics
For businesses responsible for vehicles, cargo, terminals, timing and third-party property in motion.
Mining, Metals & Minerals
For remote, capital-intensive operations with heavy equipment, specialist people and complex logistics.
Independent marine review
Review Hull & Machinery with Talisman.
Share your current wording, renewal terms or information about the requirement. We will help identify the practical next step.
Illustrative information only. Coverage, availability, limits and terms depend on the risk profile, insurer approval and final policy wording.