Through IG Club's structure, the member Clubs share between them their large loss exposures, as well as their respective knowledge and expertise on matters regarding shipowners liabilities and the insurance and reinsurance of such liabilities.
Each Group Club is an independent, not-for-profit mutual insurance association, providing cover for its shipowner and charterer members against third party liabilities due to the use and operation of ships.
What is more, each Club is owned by its shipowner and charterer members, and its operations and activities are overseen by a board of directors, or committee, chosen from the membership. The everyday operations of the Clubs are handled by professional managers, either 'in-house' or external, who are appointed by and report to their Club board/committee.
The Clubs cover various liabilities, including loss of life and personal injury to crew, passengers and others on board, cargo loss and damage, pollution because of oil and other hazardous substances, wreck removal, collision and damage to property.
Finally, the Clubs provide numerous services to operators, including claims handling, advice on legal issues and loss prevention, and they regularly play a role in coordinating the response to, and management of, maritime casualties.