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Subsea Cables

Clearwater Underwriting, Via their dedicated Subsea Cable vehicle, InterProtect, provides specialised insurance solutions tailored to the subsea cable sector delivering a best-in-class service supported by a robust network of cable engineering experts and top-tier, A-rated capacity providers.

Subsea cables play a critical role in global infrastructure, transmitting vast amounts of data and power while enhancing energy security and advancing decarbonization and sustainable energy goals. Given their role of growing importance, we believe the subsea cable industry deserves an insurance partner solely dedicated to its needs—not simply treated as a small part of a broader insurance portfolio. InterProtect’s singular focus on subsea cables ensures that these vital assets are given the attention they truly deserve.

At InterProtect, we specialise in providing comprehensive insurance coverage for subsea power cables, interconnectors and fibre optic cables (including associated onshore cable).

With a capacity of up to USD 250 million, InterProtect is well-positioned to take on a significant portion of your risk exposure. This allows us to provide a meaningful share of coverage, giving you confidence that your project is well supported by a trusted partner

See more about InterProtect at www.interprotect.co.uk

Insured Products

  • CAR (Construction all risks)

    Coverage for both developers and contractors during construction of a subsea cable project.

  • Delay in start up

    Protecting financial interests in the event of a physical damage event cause a delay.

  • Third party liabilities

    Cover to both operational and cable under construction against damage to third party assets.

  • Operational Physical damage

    Protection for owners of subsea cables against the cost of losses to the cable system.

  • Business Interruption

    Insurance for financial obligations or loss of earnings in the event of an covered outage.

  • Contractors covers

    Protecting parties in the contractual chain during subsea cable installation.

What Makes Us Different?

  • The First & Only Subsea Cable Insurance Provider

    We are the only insurance provider dedicated exclusively to subsea cables, offering specialist expertise and tailored coverage.

  • Large Capacity Offering for Faster Service

    Our extensive capacity ensures quicker contract agreements and claims processing, reducing administrative burdens for brokers.

  • Post Bind Services

    Efficient Contract Maintenance and Post Bind Risk Reviews / Asset Management Recommendations.

  • Risk Management Expertise with Red Penguin

    Our partnership provides advanced risk control and expert-led underwriting solutions for complex technical challenges.

  • Advanced Vessel Tracking

    We leverage cutting-edge tracking and alert systems to enhance risk assessment and maritime security.

  • Beyond Insurance

    We are looking to partner with technology companies to provide owners with a holistic risk management package to supplement our risk transfer offering.

Meet the Team

Get in touch

Contact us to discuss your clients’ Marine Hull and associated insurance requirements and our team will structure a tailored underwriting solution aligned with the vessel’s operations and risk profile.