Prepare and prevent
[ Safety comes first ]
Insurance Coverage, Yard Liability & Risk Management .
…ATLAS SHIPYARDS S.A. policy.
ATLAS maintains an active Ship Repairers Legal Liability insurance policy underwritten by XL Insurance Company SE, providing coverage of €20 million per incident.
This policy includes:
- Care, Custody & Control – for vessels under repair or custody
- Third-Party Liability and Wreck Removal
- Machinery Handling and Damage to Equipment
Key Warranties & Risk Protocols:
- Hot Work Warranty – mandatory fire protocols
- Crane Warranty – strict load limits & maintenance
- Bona Fide Subcontractor Clauses – subcontractor insurance requirements
- Permit-to-Work and Burning/Welding Safety Procedures
The yard maintains a clean loss record, with zero claims, demonstrating strict operational discipline and compliance with P&I Club and Hull & Machinery underwriter standards.
Insurance Policy:
Ship Repairers Legal Liability (SRSB202400295)
Insurer: XL Insurance Company SE
Coverage Limits:
- €20,000,000 per incident
- €2,000,000 Terrorism Liability
- Includes Care, Custody & Control, Third-Party Damage, Wreck Removal, Machinery Handling