Cyber insurance
In an era where maritime operations are increasingly digital, the risk of cyber attacks poses a serious threat to vessels. The Swedish Club’s cyber cover is designed to provide robust protection against these evolving cyber risks, filling the gaps left by traditional marine insurance policies.
The product is available on a yearly fleet aggregate limit basis in the form of an affordable cyber cover, providing various levels of protection.
Protection against cyber‑related risks
As maritime operations are becoming increasingly digital, the risk of cyber incidents poses a significant and growing operational risk, especially when taking into account that most marine insurance policies include a cyber exclusion clause. Disruptions to navigation, propulsion or communication systems caused by a cyber incident that result in physical damage, collisions/contact, loss of hire or other consequences may not be covered unless a bespoke cyber insurance is in place.
The Club’s Cyber insurance solution has been developed in partnership with leading cyber risk specialists to offer robust protection for vessels suffering from physical damage and operational disruptions caused by cyber incidents, incidents often excluded from conventional marine policies.
Key features
Emergency response services: Access to cyber specialists for incident response and recovery.
Physical damage cover: Protection for vessels when cyber related incidents cause tangible harm, including cover for RDC and FFO risks.
AIS spoofing / GNSS jamming: Covers physical damage and loss minimisation expenses resulting from cyber incidents involving spoofing and jamming.
Loss of hire cover: Compensation for downtime following physical damage to the vessel due to cyber-related vessel impairment.
Tailored Solutions: Flexible extensions available to fit different needs, including optional cover for ransomware and extortion as well as liabilities as a consequence of a cyber incident.
Cover
Basic
Protection against core cyber‑triggered risks affecting vessel operations.
Basic plus
Same as Basic, but increased limits, suited for fleets with higher digital dependency and exposure.
Comprehensive
Tailored to meet specific needs.
A tailored approach for diverse needs
Understanding that no two fleets are the same, The Swedish Club offers multiple levels of coverage to meet varying operational and risk profiles.
The Club’s cyber product is offered on an affirmative and primary basis for cyber risks, which means it is a named perils cover that takes precedence over other covers.
As a unique feature, the cover combines financial protection with access to specialist cyber incident response management and support, enabling Members to promptly respond, manage and recover from the operational impact of a cyber event.
Cyber Insurance is available for both Members and Non-members on an annual per vessel/fleet/aggregate basis.
Application for cyber insurance
Each package is developed in partnership with leading cyber risk specialist, ensuring shipowners have access to advanced and relevant protection. In addition, in the event of an incident, our members can take advantage of a 24/7 hotline manned by cyber specialists.
Why choose The Swedish Club
24/7 Specialist response
Immediate access to cyber incident specialists for response and recovery following a cyber- attack
Fleet‑wide flexibility
Annual aggregate protection structured across the fleet, with scalable cover options
Regulatory alignment
Structured to support compliance with IMO Cyber Security Recommendations and IACS Cyber Resilience Requirements
Broad availability
The Swedish Club Cyber Insurance is available to both Members and non‑Members of the Club with a very simple on-boarding process
For more information on Cyber insurance, you are invited to contact your local Underwriting team
Please note: The information is a general description. For full conditions, premiums, subjects, and warranties, please contact us.