Our in-house legal and technical expertise enables us to provide the cover and added value any yacht owner may desire. Insurances for new buildings or conversions, usually purchased by the yard, but also by the buyer. Insurances designed to protect the economic interests of the Mortgagee or Innocent Owner.
Norwegian Hull Club's Cyber insurance is the first of its kind on the market. It addresses the issue of cyber-attacks against vessels or land-based organisations being a real and increasing threat for the yachting industry.
As well as protecting the Assured and its related subsidiaries against cyber threat and extortion, a Preventive Crisis Consultation, providing a Crisis Management Plan for the prevention of and response to insured events, is always included.
It indemnifies the Assured for an agreed number of Chartering weeks and is a natural extension where we already insure Loss of Charter Hire, but can also be written on a stand-alone basis. Related products Yacht - Builder's Risk. Yacht - Mortgagee's and Owner's Interest. Yacht - Cyber: Buy-back. Yacht - Marine Cyber Threat and Extortion. Yacht - Loss of Charter Hire. Yacht - Loss of Charter: Extended.
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