Associated Vendors

SUPPORT VENDORS

We have developed and maintain close working relationships with a select group of vendors who supply first-rate goods and critical services to the yachting community. Several factors go into our decision to recommend a particular vendor for a given project, or for that matter in general, These factors include, but are not limited to the type and scope of the project involved, as well as the specific needs of our client. And while we are prepared to deal with all reputable vendors, those listed following are strategically associated with our New Build and Refit Program on a preferred basis and stand ready to expend extra efforts during the development of a DT&F project:

 

INSURANCE

B&B Marine Insurance Advisor F.J. Vera stands ready to provide pre-contract marine insurance counselling and recommendations to prospective yacht buyers and owners. His firm, Brown & Brown Marine Insurance, is a long-established, and exceedingly well respected provider in the field, and can see to all your yacht-related needs.

By integrating the world’s leading superyacht insurance specialists with the oldest marine insurance broker, Willis Superyachts offers experience, ingenuity, best advice and unparalleled service to discerning superyacht owners.

Willis is one of the oldest names in marine insurance, having commenced as a marine broker in 1828. It has remained at the forefront of the marine industry for 180 years. Consequently it is one of the most trusted names in marine insurance and remains a core business for the Willis Group today. With a global marine group of 300 professionals, Willis offers unrivalled expertise in Hull, Protection & Indemnity, International Trade and Logistics and Liability.

By integrating the world’s leading superyacht insurance specialists with the oldest marine insurance broker, Willis offers experience, ingenuity, best advice and unparalleled service to discerning superyacht owners.

New Builds: A New Way to Approach New Build Risk Management

Whether you have already signed your New Build contract or are in the planning stage, in most cases the New Build contract and Builders Risk insurance do not adequately protect you or your investment. For example:

• Does the New Build contract impose liability upon you? New Build contracts typically contain language which makes you responsible to pay damages for certain events or losses. This includes Hold Harmless, Indemnify, Defend or Waive Rights of Subrogation language. These can be related to the activities of you, your Project Manager, Captain, crew, subcontractors and invitees. You may need your own liability insurance to protect you from this contractual obligation.

• Does the yard’s insurance cover personnel you may employ during the project, including the Project Manager to oversee the build, or the Captain and crew during sea trials? Does the yard’s insurance cover you and your representatives for liability to third parties? Typically, the owner is not covered by the yard’s insurance, or the yard’s limits are very low. You should have your own protection for these employees and independent contractors.

Willis Marine, Superyachts specializes in insurance brokerage and risk management for the owners of large yachts. Our team’s expertise lies in our ability to identify exposures and help you minimize your risks associated with every stage of the new build process. This complimentary service is available with no obligation.