What Are the Key Differences Between P&I Club Representation and Average Adjuster Services?

there are several key differences between the activities of P&I Club representation and marine/transport claims adjusting:

1. Nature of the relationship:

• P&I Club representation involves a long-term, ongoing relationship between the correspondent and the P&I Club. The correspondent acts as a local representative for the Club.

• Claims adjusting is typically done on a case-by-case basis for specific incidents or claims.

2. Scope of activities:

• P&I correspondents handle a wide range of issues related to P&I coverage, including claims management, risk assessment, and legal representation.

• Claims adjusters focus specifically on assessing damage and adjusting claims for marine or transport insurers.

3. Client base:

• P&I correspondents primarily work for and represent P&I Clubs and their shipowner members.

• Claims adjusters work for various marine and transport insurers, not limited to P&I coverage.

4. Legal status:

• The legal status of P&I correspondents is somewhat unique, with elements similar to both maritime agents and ship consignees.

• Claims adjusters have a more standardized role as independent experts assessing damages.

5. Geographic focus:

• P&I correspondents often cover specific ports or regions for their Clubs.

• Claims adjusters may operate more broadly across different locations.

6. Expertise required:

• P&I correspondents need in-depth knowledge of P&I Club rules, maritime law, and local regulations.

• Claims adjusters require technical expertise in assessing damage to cargo, vessels, or transport equipment.

7. Continuity of service:

• P&I correspondents provide ongoing services and maintain a constant relationship with the Clubs.

• Claims adjusters are typically engaged for specific incidents or claims.

These differences reflect the specialized nature of P&I coverage and the unique role P&I correspondents play in representing Clubs locally, compared to the more focused damage assessment role of claims adjusters.