If there's a 1/2,000 chance of getting stuck in the Suez, the insurer would need a premium of $500,000 to break even. Not necessarily. The Ever Given has a len

If there's a 1/2,000 chance of getting stuck in the Suez, the insurer would need a premium of $500,000 to break even. Not necessarily. The Ever Given has a length of 1312 feet, beam of 193 feet, and draft of 108 feet. That ship is huge! There's not a linear relationship between ship size and "chance of getting stuck". Slightly smaller ships would probably have a much lower premium.