P&I Cyber Risk buy-back option. Accident and illness cover option for crew and day workers. Hull war risks cover option. Kidnap & Ransom option. Legal expenses cover option. In-depth claims handling and loss prevention services from the Club's experienced and qualified staff. Benefit from a worldwide network of correspondents and lawyers
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Shipowners is a mutual insurance association. With over 165 years of experience in providing Protection and Indemnity (P&I) cover, Legal Costs Cover and associated insurances for smaller and specialist vessels, the Shipowners' Club has an in-depth knowledge of the risks and liabilities you face when operating your fleet.
Top 12 Maritime Protection and Indemnity (P&I) Clubs
1. Gard P&I Club. Founded: 1907; Headquarters: Arendal, Norway; Key Strengths: Gard is the world's largest P&I Club by premium income and membership size.It provides comprehensive insurance solutions covering Protection & Indemnity (P&I), Hull & Machinery (H&M), Freight Demurrage & Defense (FD&D), and loss of hire for shipowners, charterers, and offshore energy clients.
what is a p&i club ? Covers, Claims, Liability?
When a member of a P & I club has a claim, the first $5 million will be met by the club's own fund. In excess of $5 million and up to $30 million the claim is divided among the member clubs in the International Group Pool (including the club making the claim), with the pooling contribution of each club being calculated taking into account its ...
Protection & Indemnity
Sirius Pandi is a Mutual P&I club. We provide Protection and Indemnity cover for our ship owner members. top of page. Home. About. Mission. Vessels. Correspondents. Contact. ... We provide P&I coverage for Yacht Owners with worldwide trading. H&M COVER. We offer Hull and Machinery coverage for our Ship Owners members. CHARTERER P&I.
Yacht
In 2021, Agapi moved to the Club's Piraeus office as a Senior Claims Consultant servicing mainly the Greek and Cypriot membership, dealing with a variety of P&I, Legal Cost Cover and Yacht claims. Agapi is a Greek qualified lawyer and holds an LLM in International Maritime Law from City University of London and the International Group P&IQ ...
Protection and indemnity insurance
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
P&I Insurance in the yacht sector
In general, club P&I rules state that the club is not obliged to provide a guarantee; increasingly however, P&I policies do require the club to issue a letter of undertaking if the yacht is or may be seized. The letter of undertaking will state that the club undertakes to pay the third party damages awarded in settlement or final ruling.
Yacht P&I
Our Yacht P&I policy is suitable for Yacht owners meeting the requirements of the luxury superyacht market. Cover is divided into the following main areas: Third-party liability Costs and expenses arising from your legal liabilities to third parties caused by your Yacht, its Tenders, Toys, and caused by your Crew are covered. An example would ...
What Are P&I Clubs? What To Look For & How To Enter The Club
A P&I club is a group of shipowners who act as a nonprofit group of marine insurers by pooling their resources to cover their own civil liability concerns. Mutual insurance associations have achieved such success that nine out of ten ships are members of P&I Clubs. Currently, there are around 20 worldwide, with the majority being United Kingdom ...
COMMENTS
P&I Cyber Risk buy-back option. Accident and illness cover option for crew and day workers. Hull war risks cover option. Kidnap & Ransom option. Legal expenses cover option. In-depth claims handling and loss prevention services from the Club's experienced and qualified staff. Benefit from a worldwide network of correspondents and lawyers
Shipowners is a mutual insurance association. With over 165 years of experience in providing Protection and Indemnity (P&I) cover, Legal Costs Cover and associated insurances for smaller and specialist vessels, the Shipowners' Club has an in-depth knowledge of the risks and liabilities you face when operating your fleet.
1. Gard P&I Club. Founded: 1907; Headquarters: Arendal, Norway; Key Strengths: Gard is the world's largest P&I Club by premium income and membership size.It provides comprehensive insurance solutions covering Protection & Indemnity (P&I), Hull & Machinery (H&M), Freight Demurrage & Defense (FD&D), and loss of hire for shipowners, charterers, and offshore energy clients.
When a member of a P & I club has a claim, the first $5 million will be met by the club's own fund. In excess of $5 million and up to $30 million the claim is divided among the member clubs in the International Group Pool (including the club making the claim), with the pooling contribution of each club being calculated taking into account its ...
Sirius Pandi is a Mutual P&I club. We provide Protection and Indemnity cover for our ship owner members. top of page. Home. About. Mission. Vessels. Correspondents. Contact. ... We provide P&I coverage for Yacht Owners with worldwide trading. H&M COVER. We offer Hull and Machinery coverage for our Ship Owners members. CHARTERER P&I.
In 2021, Agapi moved to the Club's Piraeus office as a Senior Claims Consultant servicing mainly the Greek and Cypriot membership, dealing with a variety of P&I, Legal Cost Cover and Yacht claims. Agapi is a Greek qualified lawyer and holds an LLM in International Maritime Law from City University of London and the International Group P&IQ ...
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
In general, club P&I rules state that the club is not obliged to provide a guarantee; increasingly however, P&I policies do require the club to issue a letter of undertaking if the yacht is or may be seized. The letter of undertaking will state that the club undertakes to pay the third party damages awarded in settlement or final ruling.
Our Yacht P&I policy is suitable for Yacht owners meeting the requirements of the luxury superyacht market. Cover is divided into the following main areas: Third-party liability Costs and expenses arising from your legal liabilities to third parties caused by your Yacht, its Tenders, Toys, and caused by your Crew are covered. An example would ...
A P&I club is a group of shipowners who act as a nonprofit group of marine insurers by pooling their resources to cover their own civil liability concerns. Mutual insurance associations have achieved such success that nine out of ten ships are members of P&I Clubs. Currently, there are around 20 worldwide, with the majority being United Kingdom ...