Protection and Indemnity (P&I) Clubs

Protection and Indemnity (P&I) Clubs are mutual insurance associations that provide coverage for shipowners and operators against various liabilities not typically covered by standard marine insurance. This includes claims related to crew injuries, cargo loss, pollution, and collisions. Members pay contributions based on the size and type of their vessels, and in return, they receive financial protection and legal support in case of maritime incidents. Essentially, P&I Clubs help ensure that shipowners can meet their liabilities, promoting safety and financial stability in the shipping industry.