Equipment breakdown insurance is a policy that covers the cost to repair or replace equipment or machinery damaged by a sudden mechanical or electrical failure. It applies when equipment suddenly ...

For each voyage, every ship will need separate layers of coverage, including for the cargo and for the ship itself, known as hull and machinery cover. An additional premium is also charged by ...

All marine assets will have three basic types of cover that the owner will buy – these are hull and machinery, war and protection and indemnity (P&I) cover. All of these will be checked by investors ...