The Shipowners' Mutual Insurance Society

The Shipowners' Mutual Insurance Society is a mutual insurance organization that provides coverage specifically for shipowners and operators. Founded in the 19th century, it offers protection against various maritime risks, such as damage to vessels, cargo loss, and liabilities arising from shipping operations. Members contribute to a collective pool, which is used to cover claims, promoting shared responsibility. Because it’s mutual, the society is owned by its members, focusing on their needs rather than profit, ensuring stability and tailored service in the marine insurance market.