Protection and Indemnity Insurance (P&I) is a specialized form of mutual maritime insurance provided by P&I Clubs. P&I Clubs offer coverage for risks that traditional insurers are hesitant to insure, providing comprehensive protection to shipowners, operators, and charterers. P&I insurance covers a range of open-ended risks that include third-party liabilities arising from damage to cargo during carriage, war risks, and environmental damage such as oil spills and pollution. This insurance safeguards against potential financial losses and liabilities resulting from accidents, collisions, property damage, personal injury, and pollution incidents. P&I Clubs provide not only insurance coverage but also valuable expertise, legal assistance, and claims handling services, ensuring that their members receive comprehensive support and protection in the complex and ever-evolving maritime industry.

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