Hull and Machinery
Comprehensive protection for your vessel and equipment
Trusted mutual cover since 1872
The Swedish Club has provided Hull and Machinery insurances on a mutual basis for over 150 years, offering comprehensive and reliable protection for vessels against both total and partial losses.
Hull and Machinery (H&M) insurance protects the Assured’s financial interest in the vessel, its machinery and equipment by covering physical loss of or damage to the vessel, including repair costs, as well as compensation in the event of an actual or constructive total loss.
In addition to cover for physical damage, H&M insurance may extend to the Assured’s collision liability arising from contact with another vessel, as well as liability for striking fixed or floating objects. The insurance can also respond to associated sue and labour expenses, salvage costs and general average contributions incurred in connection with an insured casualty.
Separate total loss insurances may be arranged to cover the Assured’s economic interests beyond the hull value, including increased value (hull interest) and long‑term freight interests. Hull interest insurance will typically also provide cover for excess collision liabilities.
Key coverage features
Physical damage protection: Covers your vessel’s hull, machinery, and equipment against wide range of maritime risks and unforeseen events
Third-party liability: Covers liabilities arising from collisions and incidents involving fixed or floating objects
Additional protection: Covers costs related to measures to avert or minimise loss (sue and labour), salvage operations, and general average contributions.
Why choose The Swedish Club
Tailored solutions
We are working closely with Members to customise protection that matches each vessel and operation.
Global expertise
Backed by over 150 years of mutual marine insurance experience
Worldwide support network
Access to a global network of service providers, ensuring prompt assistance wherever your vessel operates
Comprehensive support
Our team ensures practical guidance and responsive service throughout the policy period
Hull and Machinery
Insurance terms
Hull & Machinery policies are written on internationally recognised standard hull conditions, including:
- Nordic Marine Insurance Plan
- English Institute Time Clauses
- American Institute Hull Clauses
- German ADS/DTV Clauses
To learn more about the Nordic Marine Insurance Plan conditions, visit www.nordicplan.org
Marine insurance
The Swedish Club provides Marine insurance through experienced underwriters and claims handlers who understand the operational and technical challenges of modern ship operations.
Claims are managed with a solution‑oriented approach and close involvement from first notification through to settlement, ensuring clarity, efficiency and consistency throughout the process.
Members also benefit from The Swedish Club’s strong loss prevention culture. By sharing operational experience, technical insight and lessons learned from real incidents, the Club supports Members in reducing risk, avoiding losses and improving overall vessel performance.
The combination of mutuality, technical competence and a long-term partnership mindset makes The Swedish Club a reliable and committed Hull & Machinery insurer for shipowners worldwide.
Please note: The information is a general description. For full conditions, premiums, subjects and warranties, or other questions, please contact your local underwriting team