“P&I Club Insurance” (Protection and Indemnity Club Insurance) is a marine insurance which provides cover to shipowners for third-party liabilities encountered in the commercial operation of entered vessels. P&I Club Insurance is designed to complement a vessel’s hull and machinery insurance and related covers.
What does the P&I Club cover?
This type of insurance, which is of great importance for the maritime sector, is widely used worldwide as an insurance that provides cover for shipowners. Considering the size of the cover provided under the club insurance, it is clear that club insurance is very important for both the world and our country. The liabilities related to loss or damage of Cargo in case of P&I Club Insurance are the most frequently encountered circumstances and it is the highest amount figures encountered in the P&I Clubs’ annual reports.
As BURUCUOGLU Law Office, we provide legal support for our clients for their demands related to P&I Insurance Claims. For detailed information and legal consultancy about the subject, please contact on firstname.lastname@example.org.