Products and Services
Products
Hull & Machinery
Protects the Assured’s economic interest in the ship and its equipment’s capital value by covering the cost of damage repairs and total loss.
A separate insurance against total loss is an extension of the total loss coverage under the hull insurance.
P&I
Norwegian Hull Club has a USD750million reinsurance capacity for P&I which - when taken together with our renowned service concept, plus 'A/Stable' rating from Standard & Poor's - results in a uniquely flexible, solution-oriented insurance offering.
Norwegian Hull Club is a first-class service provider of insurance products for traders and charterers with a Charterers' P&I insured limit of USD750million.
Owners' P&I is protection and indemnity insurance for shipowners.
Norwegian Hull Club provides flexible additional covers catering for an extensive range of needs and risk types.
Loss of Hire
Covers loss of income following physical damage to the vessel, recoverable from the underlying Hull & Machinery cover. This enables ship owners to protect their income and cash flow in the event of a casualty.
War
War insurance covers damages and total loss, collision liability, loss of hire and owner’s liability (P&I) - including occupational injuries caused by war or war-like conditions - according to Chapter 15 of the Nordic Marine Insurance Plan.
Offshore Energy
Norwegian Hull Club plays an active role in the Nordic Marine Insurance Plan revision committee, and offers insurance coverage for MOUs based on standard international conditions.
Insurance for mobile offshore units (MOUs) – Contractors.
Norwegian Hull Club covers all risk types for upstream operator offshore insurances.
Offshore Renewables
Norwegian Hull Club is strengthening its service, capacity and support to its client and members who are involved in the construction and operation of the offshore energy industry - both today and tomorrow.
Norwegian Hull Club started insuring wind farms - which have adopted a key position in the global drive for sustainable energy - in 2018.
We strive to meet our clients’ and members’ needs for tailored coverage, developing our product portfolio through close collaboration with owners and their brokers.
Builders' Risks
Norwegian Hull Club provides cover for marine builders' risks and construction of mobile offshore units.
Our Delay In Delivery product covers losses due to an incident at the shipyard that causes a delay in delivering the newbuilding or conversion.
A first on the market from Norwegian Hull Club - providing back to back coverage with the yard’s existing warranty or guarantee clauses.
Special Risks
We strive to meet our clients’ and members’ needs for tailored coverage, developing our product portfolio through close collaboration with owners and their brokers.
Norwegian Hull Club's Cyber insurance is the first of its kind in the market with a unique two level approach.
Norwegian Hull Club protects against cyber threat and extortion, covering the costs of extortion payments, as well as crisis consultants and other actors deemed reasonable and necessary.
SRI cover - which is subsidiary to ordinary P&I cover - is triggered by a total loss and covers the assured’s added costs for recycling a wreck at an EU- verified yard. Cover limit is up to USD 5 million, and is available to both existing and prospective clients.
We cover a variety of tows including wet tows (mobilisation by use of tug(s)), dry tows (mobilisation by use of a heavy lift vessel) or delivery voyages (movement by own power).
Norwegian Hull Club offers a wide range of covers for different contractual exposures.
Norwegian Hull Club provides cover for subsea equipment whether operational, in transit or in storage.
Damage to Marine Scrubber Systems: Additional Costs and Loss of Hire Insurance. This cover is in direct response to clients and brokers who approached us for a solution as 1 January 2020 beckoned.
Our Drug Seizure insurance covers loss of income and costs connected to any investigation if the vessel is either detained due to a discovery, or even suspicion, of drugs on board.
Our Kidnap & Ransom (K&R) insurance offers worldwide, professional security and crisis management for offshore and onshore employees, as well as compensating for financial loss.
Trade Disruption Insurance (TDI) is designed to protect a vessel’s earnings against events affecting the entire supply chain.
Extended General Average (GA) Absorption insurance is designed to minimise delays and avert strains on commercial relationships by avoiding the time consuming and expensive processes of collecting GA bonds and guarantees from cargo owners.
Norwegian Hull Club is well positioned with the required competence, capacity, flexibility and efficiency of handling to be a preferred provider of GA Disbursements insurance, also in cases where the claims lead is placed elsewhere.
With political turmoil increasing in many parts of the world, challenges are ever present for vessel owners. Norwegian Hull Club provides covers that deliver security and protection for vessels or units that repeatedly trade in such unstable areas.
Norwegian Hull Club has the experience and competence to create tailor-made solutions, which can protect our clients against exceptional exposures.
Yacht
Norwegian Hull Club’s specialised yacht covers are based upon experience and lessons learned from our marine underwriting and cruise insurances.
Insurances for new buildings or conversions, usually purchased by the yard, but also by the buyer.
Insurances designed to protect the economic interests of the Mortgagee or Innocent Owner.
Our K&R insurance offers worldwide, professional security and crisis management for offshore and onshore employees.
Norwegian Hull Club's Cyber insurance is the first of its kind on the market. It addresses the issue of cyber-attacks against vessels or land-based organisations being a real and increasing threat for the yachting industry.
As well as protecting the Assured and its related subsidiaries against cyber threat and extortion, a Preventive Crisis Consultation, providing a Crisis Management Plan for the prevention of and response to insured events, is always included.
Norwegian Hull Club is one of the largest providers of Marine Loss of Hire insurance worldwide.
Extended Loss of Charter Hire is structured in the same manner as Loss of Charter Hire. It indemnifies the Assured for an agreed number of Chartering weeks and is a natural extension where we already insure Loss of Charter Hire, but can also be written on a stand-alone basis.
Marine Benefits
Marine Benefits – a subsidiary of Norwegian Hull Club – is a recognised leader in innovative crew-insurance solutions to the global maritime industry.
Services
Loss Prevention - Global Support & Training
Norwegian Hull Club believes in the power of knowledge sharing - particularly when it comes to loss prevention and mitigation.
Claims Support
The main aim of Norwegian Hull Club’s Claims Department is to handle critical situations and claims in the most professional way possible.
