About this document
Understanding P&I Club Insurance by reka1950 is a document available to read on EtoBox.
The P&I Clubs originated from small hull insurance clubs formed by British shipowners in the 18th century who were dissatisfied with the cost and scope of insurance from monopoly providers. These hull clubs shared risk between members. Over time, shipowners took on more liability from crew injuries, passenger claims, and collisions. The first protection association was formed in 1855 to cover these new risks. Cargo liability coverage was added in 1874 as cargo values rose. Today, P&I Clubs provide liability
- Author
- reka1950
- Language
- EN