PressReleases 
Articles 
Thursday, July 3rd, 2008
June 30, 2008
THE London P&I Club has recently launched an enhanced charterers liability insurance facility following detailed analysis and consultation with a number of members, operators and brokers.
Bilbrough underwriter Nigel Martin, says, “A strength of the club’s new combined single-limit cover is that it reflects a great deal of feedback from members and others involved in chartering and trading about their practical insurance needs. This has emphasised that the protection provided by standard P&I - along with cover for liability to hull - remains extremely important, but that charterers also face a range of increasingly varied risks, requiring individually tailored insurance solutions.
“There may be a need, for example, for cover against loss of bunkers, or for the sort of serious potential exposure that can arise in a number of jurisdictions in connection with the ownership of cargo carried at sea. At the same time, there is an additional need for a top quality and responsive club claims handling service, of the type which the London is renowned for delivering. As a result, the club has developed and upgraded its charterers cover, gearing it towards the provision to members of flexible and appropriate protection against a growing spread of risks”.
Nigel’s underwriting colleague Reto Toggwiler concludes, “In addition to its breadth and adaptability, the new cover benefits from the club’s long-standing commitment to developing very high levels of understanding of the operations of all its members. Experience shows that the strengthening of relationships in this fashion supports the club’s ability to respond quickly and efficiently to the needs of its membership, and to uphold the quality of its portfolio of business generally”.
Details of the club’s special cover for charterers are available from the London Club website: http://www.lsso.com
