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1. Builder's All Risk Insurance:

Usually during the contract negotiation stage, when it is as yet unclear as to which party will be accepting which liabilities, which party will be responsible for procuring the insurance and absorbing the deductibles, etc., both parties look more deeply into the breadth of available BAR coverage.

We can say that Builder's Risk Insurance for the energy class of business provides coverage under three different forms:

1. London Institute Builder's Risk Clauses 1.6.88 (CL 351) - or American equivalent
2. WELCAR form
3. Custom forms tailor-made to specific risks or Owners or shipyards.

Is the protection provided under all BAR policies the same? No! For a comparison between wordings please contact a trusted insurance broker of your choice.

2. War Risks and Strikes, Riots, Civil Commotions (SRCC):

a. Institute War Clauses Builder's Risks 1/6/88 (CL 349) -

Coverage incepts once the vessel is launched (or wet) and provides coverage for loss of or damage to the insured vessel / rig caused by:

• war, civil war, revolution, rebellion insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power
• capture seizure arrest restraint or detainment, arising from perils covered above, and the consequences thereof or any attempt thereat
• derelict mines torpedoes bombs or other derelict weapons of war.

b. Institute Strikes Clauses Builders' Risks 1/6/88 (CL 350) -

Provides coverage for loss of or damage to the insured vessel / rig caused by:

• strikers, locked-out workmen, or persons taking part in labor disturbances, riots or civil commotions
• any terrorist or any person acting maliciously or from a political motive.

We recommend that this coverage be amended to include Vandalism and Malicious Mischief.

Please also review if the terrorism coverage provided under this clause is either restricted or broadened, or if there are any other applicable clauses such as Sabotage & Terrorism Endorsements. In any case, be sure that the coverage afforded is adequate for your Client so your Client makes an informed decision.

3. Liability - Insurance coverage that protects an insured against claims made by third parties for damage or injury to their property or person. These losses usually come about as a result of negligence of the insured. In marine construction, this policy is referred to an MGL, marine general liability policy. In non-marine circumstances, the policy is referred to as a CGL, commercial general liability policy. The construction contract should determine which parties are liable in which instances for losses of Third Party Liability nature.

Insurance policies can be divided into three broad categories:

1. Product Liability - Protection against a Manufacturer's liability for injuries or property damage after a manufactured product has been sold. Extraordinary liability accompanies the manufacture of a product.
2. Completed Operations - Protection against a Contractor's liability for injuries or property damage suffered by Third Parties as a result of the Contractor completing an operation.
3. "Trips & falls & damage" - Protection against injuries or property damage on premises or hulls within care, custody, control of a party.

4. Umbrella Liability - This type of liability insurance provides excess liability protection. Your business needs this coverage for the following reasons:

• It provides excess coverage over all the "underlying" liability insurance carried.
• Instead of purchasing a large limit on all of an insured's policies, this structure allows an insured to purchase the coverage once to sit atop various policies, thereby increasing the limit for many policies.
• We recommend that this coverage provide automatic replacement coverage for underlying policies that have been reduced or exhausted by loss.

5. Additional coverages available for consideration during the construction phase:

1. Cargo / Transit Insurance - to protect against All Risks of loss of or damage to the shipments of material, equipment, etc. that will form part of the construction (i.e., the topsides from Russia to the UK)
2. Marine Delay in Start-Up - to protect against lost profit plus extra expenses due to the delay in arrival of critical components; for instance, due to thrusters being dropped into the water during loading of vessel - causing a 3-month delay in project (due to back-order of specific thrusters required per specifications)
3. Hull & Machinery & Protection & Indemnity Insurance - to protect against All Risks of loss of or damage to the vessel / rig - and liabilities resulting from the vessel / rig - during transport after completion at Yard (for instance, if delivery is not ex-Yard, but rather at final drilling Site)
4. Hull & Machinery & Protection & Indemnity Insurance - to protect against All Risks of loss of or damage to any vessels / crane barges that might be used to assist in the construction of the vessel / rig
5. Liquidated Damages Insurance - to protect against penalties for failure to satisfy an agreement; for instance, for late delivery of unit due to losses of a BAR nature
6. Political Risk Insurance - to protect a foreign entity against loss suffered due to political risk nature (including Confiscation, Nationalization, Expropriation, Selective Discrimination, Contract Frustration, Inconvertibility & Non-Transfer of funds, etc.)
7. Professional Indemnity (PI) Insurance - to protect against legal liability arising from any professional negligent act, error or omission in rendering or failing to render professional services by an Assured. We recommend that you look into the design and engineering work and contractual requirements and track records involved in the rig, and see what protections are already in place.

The standard requirements of both Owners and Shipyard:

1. Workmen's Compensation / Employers' Liability as required by applicable statute
2. Auto Liability as required by applicable statute

6. Coverages available for the shipyard post-delivery (relating to the construction phase):

1. Following delivery of a unit to an Owner, usually Maintenance & Discovery coverage is purchased.
2. Warranty coverage is also possible.

What is the difference between Maintenance Coverage of a Builder's Risk Policy and Warranty Coverage?

The Maintenance Cover is simply an extension of the Builder's Risk policy, which in this case survives delivery of the vessel to the owner, with coverage being no broader than that contained elsewhere in the policy, subject to all of the conditions and exclusions of that policy.

The Warranty Coverage is "back-to-back" protection of the Assured's contractual Warranty Clause to Owner. This means that the Warranty Clause from the contract actually becomes the insuring condition of the Warranty Policy.

Nausch, Hogan & Murray is an international insurance broker with over 30 years experience in marine insurance. One of our many areas of expertise is Shiprepairer' Legal Liability Insurance where we have access through our worldwide network of offices to all the underwriters who specialize in this unique form of insurance.

Many people would be surprised to know that just like any other thing in life, common sense can play a very important role in saving you some money in you Car insurance. Did I hear how?

Even if you already knew this, I would still say it. What you spend on insuring your car depends on the car. Certain cars are more expensive to insure than others. So if you had this in mind before making your car purchase, apart from your auto needs, you would also want to know what its insurance implications are. So you there is another factor now to consider.

Imagine that I got a car for $10,000 and took up a $20,000 collision policy considering that your car value doesn't increase but it rather depreciates. If something happens and you made a claim, you would be required to pay some deductibles. putting all this together you would agree that is not the best of decisions. Your car insurance should add value not add stress.

Am I advocating getting cheap cars and taking the lowest coverage you can get? No I just need for you to be aware of the things that affect you insurance cost. Think through all the factors and you would actually be surprised at how it could affect your choice and decisions.

There is no universal standard because our needs differ from person to person but simply applying our common sense in every situation would seriously affect the choices you would make regardless of your situation.

Finally, you must have gathered that regardless of whether you are getting an expensive car that would mean you would spend a lot more, with the right knowledge, you could still find ways to save on your car insurance.

Need more help? Get your quotes! Chimerenka Odimba is the publisher of http://insurance.getting-ahead-in-life.com Get in depth information on all loan issues.

If you are a decent writer and want to write a blog, there is no reason why you shouldn't give blogging a try. Good blog software is available that can be set up without much difficulty by even a novice computer and Web user. Many writers find that writing a blog is a liberating personal experience. It involves expressing your daily thoughts and experiences through your keyboard. You can write about your favorite hobby or express your philosophical ideas. Anything you are interested in can be easily written about for the world to see when you have good blog software.

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Hosted Blogs

However, even if you don't have your own website where you can install blog software, you still have plenty of blog options. There are free blog services that provide blog hosting. Some of the most popular and respected blog hosts are Life Journal, TypePad, and Blogger. It should be noted that TypePad does have a small subscription fee.

These blog hosting services are very easy to use. The host takes care of maintenance and upkeep of most blog functions. They even provide you with blog templates so that you can sign up for and have your blog up on the Web within just minutes.

Hosting Your Own Blog

If you already have a website, it may make the most sense to host blog software on your own site that will allow the blog to integrate right into your website seamlessly. Many Web hosting accounts actually come with blog software already available for you to install with a simple click of a button in your hosting control panel. So before you go out looking for blog software you might want to look at what options your hosting provider already has available for you. These packages are generally already implemented and tested with your host to make installing and using them a very simple process with few glitches. One thing you need to take note of is that if you host your own blog you should make regular backups of your blog if not your entire website including your blog.

Everybody can blog but not every blogger makes money! If you are serious about wanting to make money blogging , then make sure you pick up the essential guide at http://www.blogforprofits.info and find out how you can get set up your blog correctly and start blogging for profits from the very first day.