ONLYYARD
Established in 2015, ONLYYARD is devoted exclusively to made-to-measure Marine Builders Risk insurance, focusing on our close relationships with the shipyards dedicated to building the World’s finest Superyachts.
ONLYYARD is focused on the topics of shipbuilding and ship repair, we understand the unique requirements of shipyards and yacht owners and are committed to delivering best practice.
By working with our clients from early planning stages we help identify potential risks, allowing them to make informed and timely decisions to allocate resources for the mitigation and management of those risks.
ONLYYARD is located in The Netherlands, right at the heart of the European production of luxury yachts. Together with its satellite office in the Italian town of Viareggio, southern Europe is also covered.
Shipyards: Builders risks
and conversion risks
Construction of a vessel or conversion of an existing vessel involves a wide range of perils.
These include accidents such as fire and explosion, collision
and sinking as well as natural catastrophes like earthquake.
These events can happen during construction, at the moment the vessel is launched
and while sea trials are executed and even just before delivery to the owner.
SHIPYARDS ARE USUALLY CONTRACTUALLY REQUIRED TO PROTECT THEMSELVES
AND OWNERS' INTERESTS AGAINST THESE RISKS.