Understanding Protection & Indemnity (P&I) Insurance: A Guide for Shipowners and Operators

Firstpolicy108 May, 2025Finance

The operation of P&I clubs takes place through mutual agreements instead of the standard commercial insurance model. Members collectively fund claim payouts while any remaining funds get returned back to pool members. Through a shared insurance model P&I clubs create a united environment to effectively manage the protection of large claims from their members.