Protection and Indemnity Insurance - Coverage Today

Coverage Today

More than 90% of the World's oceangoing tonnage is insured by the mutual P&I clubs that are members of the International Group of P&I Clubs, as follows.

• American Steamship Owners Mutual Protection and Indemnity Association, Inc
• Assuranceforeningen Skuld
• Gard P&I (Bermuda) Ltd.
• The Britannia Steam Ship Insurance Association Limited
• The Japan Ship Owners' Mutual Protection & Indemnity Association
• The London Steam-Ship Owners' Mutual Insurance Association Limited
• The North of England Protecting & Indemnity Association Limited
• The Shipowners' Mutual Protection & Indemnity Association (Luxembourg)
• The Standard Club Ltd
• The Steamship Mutual Underwriting Association (Bermuda) Limited
• The Swedish Club
• United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited
• The West of England Ship Owners Mutual Insurance Association (Luxembourg)

These organisations are the successors of the associations founded in the 19th and early 20th centuries. The 13 P&I clubs are mainly situated in the UK but also in USA, Japan, Sweden and Norway. The clubs vary considerably in size and currently the largest club is the Norwegian-based Gard followed by UK-based North. P&I club coverage is generally as broad as the liabilities faced by a shipowner. The following are the major exceptions to this rule.