Small Craft Insurance
Since its foundation in 1872, The Swedish Club has worked to safeguard the interests of its members. As a mutual insurance company with global operations, we offer tailor-made insurance for all a shipowner’s needs. With over 150 years of experience in risk assessment, technical services, claims management and loss prevention, The Swedish Club is committed to providing quality and cost-effective solutions to shipowners worldwide.
Explore the security and safety offered by our comprehensive Hull and Machinery and Liability (P&I) Insurance tailored for coastal shipping in Nordic waters.
Types of vessels
The insurance is customised to accommodate a variety of smaller vessel types, such as cargo vessels in coastal shipping, ferries in domestic shipping, fishing vessels, tugboats, and specialised vessels.
Conditions
• Nordic flagged
• Valid navigation certificate
• Max 3,000 gross tons
Trading areas
• Nordic waters
Our products
Hull & Machinery Insurance (H&M)
Includes coverage for total loss, damage to the vessel, collision, contact damage and salvage.
Insurance conditions
• National Nordic conditions for smaller vessels
• The Nordic Marine Insurance Plan 2013
Insurance limit
• Up to USD 5,000,000
Deductibles
• As per agreement and adapted to the type of business.
Liability Insurance (P&I)
Includes coverage for personal injury (passengers, crew, third parties), cargo damage, oil spills, wreck removal and associated costs, etc.
Insurance conditions
• The Swedish Club’s Terms for Liability Insurance (P&I)
Insurance limit
1. Limited Liability Insurance (P&I) with a fixed premium: Up to USD 50 million (passenger vessels with up to 50 passengers)
2. Limited Liability Insurance (P&I) with a fixed premium: Up to USD 20 million (fishing vessels, tugs, barges, workboats, etc.)
3. Mutual full Liability Insurance (P&I) insurance (passenger vessels with over 50 passengers, tankers, tugs, barges, etc.)
Deductibles
• As per agreement and adapted to the type of business.
Additional covers
If necessary, we can also arrange insurance to cover e.g. risk of war, loss of hire, machinery, etc.