Protection & Indemnity Insurance

Protection and Indemnity Insurance

What is Protection and Indemnity (P&I) Insurance?

Specialist Protection and Indemnity insurance, provides liability insurance coverage for vessel owners and operators. ‘It is the policy ship owners purchase to protect them against liability claims from crew, passengers and third parties. Liability claims include those such as collision, property damage, pollution, environmental damage and removal of wrecks.

What types of business need Protection and Indemnity (P&I) insurance?

Any business that owns or operates a vessel. This varies widely from workboats, fishing vessels, commercial cargo vessels, ferries as well as leisure craft and yachts. 

Is Protection and Indemnity (P&I) Insurance Compulsory?

Entry into ports and marinas will often require evidence that Protection and Indemnity insurance is in place and the documents such as blue cards and MLC certificates that are issued by P&I insurers.