Protection & Indemnity

Protection & Indemnity Clubs (P&I) around the world are mutual non-profit organizations. The basis of mutuality means that the Assureds, that is to say the Ship-owners entered in any one Club, are also the Owner’s of that very Club. The Clubs, and more importantly the shipowners funds in terms of premiums or calls collected, are managed by specifically internally elected personnel and overseen by a Board of Directors. Clubs were created to pool multiple shipowners’ reserve funds to thereby protect those very shipowners entered and thus contributing towards the fund from liability claims by the basic principle of insurance: ‘The losses of the few are contributed towards and paid by the many’. Saemens Co. Marine Insurance Brokers offers a high level service for its clients relative to P&I placements. We are able to place risks with all the clubs of the International Group of P&I clubs like UK P&I club, North of England P&I club, West of England Club, American Club, Shipowners, Gard and Swedish Club.