Michael R. Virardi finds himself on the 20th of September, 2017 in New York City to give a workshop on networking, sales and team-building to The American P&I Club.
The Club, which was established in New York in 1917, is a member of the International Group of P&I Clubs, a collective of thirteen mutuals which together provide Protection and Indemnity insurance for some 90% of all world shipping.
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.
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 $1 billion for claims in respect of oil pollution is available, $3 billion for passenger and crew claims (with a sub-limit of $2 billion for passenger claims) and about $8 billion for all other claims.
Worth noting that one day previous to the workshop (19th of September), Michael will interview the Chief Operating Officer & President of the American P&I Club, Mr. Vincent J. Solarino, during the 141st #AskVirardi episode. Make sure you don’t miss out on this episode as Mr. Solarino and The American P&I Club are offering a great prize to the winner of this particular episode. Stay tuned!