Protection and Indemnity Insurance (P&I Insurance) is a type of marine insurance that provides coverage for shipowners and operators against various liabilities. This includes claims for injury or death of crew members, damage to cargo, and environmental pollution. P&I clubs, which are mutual insurance associations, typically offer this coverage to their members. P&I Insurance is essential for maritime operations, as it helps protect against the financial risks associated with operating vessels. It ensures that shipowners can meet their legal obligations and compensate third parties for damages or losses caused by their ships, promoting safety and responsibility in the shipping industry.