Insurance for autonomous underwater vehicles
The background and practice of insurance for autonomous underwater vehicles (AUVs) are examined. Key topics include: relationships between clients, brokers and underwriters; contract wording to provide appropriate coverage; and actions to take when an incident occurs. Factors that affect
cost of insurance are discussed, including level of autonomy, team experience and operating environment. Four case studies from industry and academia illustrate how AUV insurance has worked in practice. The paper concludes by stressing the importance of effective dialogue between client, broker
and underwriter to review, assess and reduce risk to the benefit of all parties.
Keywords: AUTONOMOUS UNDERWATER VEHICLES; INSURANCE; RISK
Document Type: Research Article
Publication date: 01 June 2007
- Underwater Technology is the peer-reviewed international journal of the Society for Underwater Technology. The objectives of the journal are to inform and acquaint the Society's members and other readers with current views and new developments in the broad areas of underwater technology, ocean science and offshore engineering.
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