Protection and Indemnity Clubs (P&I Clubs)

Protection and Indemnity Clubs (P&I Clubs) are mutual insurance organizations that provide liability coverage specifically for shipowners and operators. They help protect members against various risks, such as injury to crew, damage to cargo, and environmental pollution. When a member faces a claim, the P&I Club covers the costs, pooling resources from all its members to share risks. Essentially, P&I Clubs offer a safety net for maritime businesses, ensuring they can navigate the complexities of shipping liabilities without bearing the financial burden alone.