The Standard Club - Setting the standard for service and security
The Standard Club is a mutual insurance association, owned by its shipowner members and controlled by a board of directors drawn from the membership. The club insures shipowners, operators and charterers for their liabilities to third parties arising out of ship operations.
The Standard prides itself on the quality of its service to its members, and sets great store on responsiveness and support at all times, especially in times of crisis. Just as important is the emphasis on financial strength and stability through the club's strong balance sheet and financial resilience.
The Standard Club is a member of the International Group of P&I clubs.
The managers are Charles Taylor & Co (Bermuda), who delegate day-to-day administration to Charles Taylor & Co Ltd in London and other companies within the Charles Taylor Consulting group. The principal management offices outside Bermuda are in London, Singapore, Tokyo, Piraeus and New York.
The main elements of P&I cover are:
- Loss of life and injury to crew, stevedores, passengers and other third parties
- Physical damage caused to docks, fixed or floating objects
- Collision damage caused to other ships
- Pollution
- Cargo loss or damage
The principal club within the Standard group is the Standard Bermuda P&I Club. Standard Bermuda's subsidiaries include:
- Standard Europe, which insures those members who benefit from being insured in a EU-incorporated insurer;
- Standard Asia, incorporated in Singapore, which insures Asia-Pacific members
The Standard family also includes:
- Standard London, an independant club within the Standard family specialising in insuring small ships trading on the inland waterways and in portts and the coasts of Europe
- Standard War Risks, which insures British ships for hull and P&I war risks