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Liability insurance for yacht owners, operators and managers

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The Shipowners’ Club has in-depth knowledge of the risks and liabilities you face when operating your fleet, borne from over 160 years of experience in providing Protection and Indemnity (P&I) cover, Legal Costs Cover and associated insurances.

As market leader, we insure over 33,000 small and specialist vessels across the globe.

We have a wide spread of Members across a range of vessel types, operating sectors and geographical areas. This diversification delivers stability, allowing us to enjoy a strong balance sheet and an A rating from Standard & Poor’s.

We are one of the 13 P&I Clubs which make up the International Group, collectively insuring over 90% of the world’s ocean-going tonnage.


Latest news and insight

  • Coronavirus (COVID-19): Latest information and updates

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV).

  • Closure of the 2017 policy year without additional call

    At their meeting of the 21 May 2020 the Board considered the open policy years and in particular the 2017 policy year, which is now three years old.

  • IG Circular: US Global Maritime Advisory

    On 14 May 2020 the US issued a Global Maritime Advisory (Guidance) aimed at a range of industry sectors including marine insurers such as P&I clubs and shipowners and charterers.

  • Mexico alert – Smuggling of illegal narcotics – risk of ship detention and crew arrest

    The International Group of P&I Clubs, International Chamber of Shipping (ICS), BIMCO and InterManager (the international industry organisations) draw Members’ attention to the series of recent ship detentions and crew arrests in Mexico and, in the case of the UBC Savannah, the lengthy and continuing detention in custody of the ship’s Master without any formal charges against him, following the discovery of illegal narcotics on board.

  • Solvency & Financial Condition Report (SFCR) 2019

    This report has been produced in respect of The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) (‘the Club’) to satisfy its public reporting requirements under the Solvency II insurance regulation regime.

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  • BARGEHIRE 2008 and force majeure

    This article, which was written by Simon Tatham and David High of Maritime Law Firm, Tatham & Co., discusses the main practicalities of invoking clause 20 of the BARGEHIRE 2008 contract which is a force majeure clause. This might be because a shutdown in the field of operation means that it cannot be manned or loaded, that the cargo destined to be carried is very seriously delayed or simply that the charterers’ business is in such stress that there is no cash to pay ongoing hire.

  • IG Circular: Vessel monitoring and P&I insurance

    In line with their legal and regulatory obligations, all Clubs in the International Group maintain sophisticated sanctions compliance programmes and procedures. The rules and procedures developed by Clubs to manage sanctions risks take account of the guidance provided by bodies such as the UN Security Council (UNSCR), the UK Office of Financial Sanctions Implementation (OFSI), the US State Department and the US Office of Foreign Assets Control (OFAC). Through its system of circulars and news alerts, Clubs also seek to keep their Members up to date on recent developments with respect to sanctions.

  • IG Circular: Democratic People’s Republic of Korea (DPRK) sanctions update

    This circular is an update on the Democratic People’s Republic of Korea (DPRK) sanctions enforcement circular that we published in 2019. It has been updated following the recently published 2019/2020 UN Panel of Experts of North Korea Sanctions Report.

  • Coronavirus (COVID-19): Latest information and updates

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV).

  • Contractual implications of Coronavirus (COVID-19) – FAQs

    The global Coronavirus (COVID-19) pandemic has brought about exceptionally challenging trading conditions and the Club is committed to supporting Members through this difficult time. To this end, the Club has produced the following guidance which addresses some of the most frequently asked questions regarding the contractual implications of the outbreak.

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