About Us
SOGLAZE Protection and Indemnity was established in England and Wales, specializing in providing marine property insurance (P&I) services for vessels. Our has established a well-structured Lloyd's reinsurance network and possesses extensive experience in handling marine accidents. For vessels insured by the company, it makes every effort to resolve risk-related disputes following an incident, thereby minimizing adverse impacts on the natural environment.
Protection and Indemnity insurance (commonly referred to as "P&I") provides cover to shipowners and charterers against third-party liabilities encountered in their commercial operations. Responsibility for damage to cargo, for pollution, for the death, injury or illness of passengers or crew and for damage to docks and other installations are examples of typical exposures.
Running in parallel with a ship's hull and machinery cover, traditional P&I such as that offered by the Soglaze Club distinguishes itself from ordinary forms of marine insurance by being based on the not-for-profit principle of mutuality where Members of the Club are both the insurers and the assureds.
As a consequence, the breadth of cover offered by the Soglaze Club is unsurpassed in its range. The Club's insurance conditions are contained in its Rules. These are divided into three Classes covering Protection and Indemnity, Freight, Demurrage and Defense (FD&D), and insurance for charterers' risks. There exists also a discretionary power vested in the Club's Board of Directors who, as is typically the case with P&I mutuals, are representatives of the Club's Members.
The limits of cover available from the American Club reflect its membership of the International Group. For mutual P&I entries, cover of up to $100 million for claims in respect of oil pollution is available. Limits of cover for Freight, Demurrage and for Defense and charterers' risks are offered at lower levels of indemnity, subject to negotiation in individual cases.
Above all, the Soglaze Club seeks to commend itself to prospective Members through its commitment to personalized service, a "can-do" attitude of mind and an enthusiasm to achieve the very best of business results for Members both large and small.
