The disruption caused by an accident in a shipyard can severely reduce cash flow and profit margins. Yards may also be liable under repair contracts for penalties for delayed repairs.
Our expert advice will help to minimise the effects of a casualty through the speedy presentation and settlement of insurance claims. We can offer advice to the shipyard, the broker and the insurer on all aspects of the claim.
Before a casualty
Our in-house engineers will perform a comprehensive pre-risk survey to highlight and encourage a claims free working environment. We can advise on the wording of insurance contracts and establish contingency plans.
After a casualty
We will investigate, in conjunction with professional advisers as necessary, the liability of the shipyard and advise on the potential liability of the insurers. We can analyse likely problem areas, recommend interim payments and adjust the claim in a clear format according to recognised principles, to ensure prompt settlement.
Our experience enables us to tailor our services to the requirements of an individual yard and the circumstances of a particular claim. We will gain a rapid understanding of a yard’s accounting and operational procedures and liaise closely with a yard’s insurance advisers.
Our job is to ensure that the inevitable disruption to the shipyard’s business resulting from a casualty is kept to an absolute minimum. Cash flow will be protected and management time saved.