Millstream perceptive underwriting

Construction, refit and conversion


Construction, refit and conversion

For yacht construction, major refit and conversion

What we cover:

  • Mega & custom yacht construction, refit and conversion
  • Coverage includes Sea Trials
  • Physical Damage
  • Third party liabilities

Why Millstream?

We offer a specialist facility for custom and mega yacht construction, refit and conversion that provides coverage under the Institute Clauses for Builders' Risks, including sea trials. Coverage can be extended to include owner-supplied equipment or fittings held in store or supplied during build. A monthly schedule of values is required to form the basis of the policy as the value increases and avoids any ambiguity over insured value. Building yards are subject to risk management surveys with particular attention paid to fire risks and sub-contractors.