Waiver of Subrogation

Waiver of Subrogation

Subrogation is the right of the insurer to attempt to recover costs of a claim it paid out when another party should have been responsible for paying at least a portion of the claim.

Waiver of Subrogation is an endorsement that prohibits an insurance carrier from recovering the money they paid on a claim from a negligent third party. An Owner Client may require this endorsement from their vendors to avoid being held liable for claims that occur on their jobsite.

Waiver of Subrogation is likely to be a requirement of your contract if you are working in the offshore energy industry.

Policies purchased though InsureOffshore.co.uk include this extension at no extra cost to you.

 

Our offshore insurance can help you with:

 


Applying is easy, you can get quotes and purchase cover right here on our website CLICK HERE

Alternatively, please contact us on 0333 321 1403 or email to schemes@caunceohara.co.uk