Protection & Indemnity Insurance

Protection & Indemnity (P&I) Insurance is a form of marine liability insurance that provides protection for shipowners, operators, and managers against third-party liabilities arising from the operation of a vessel.

P&I Insurance covers risks that are not included under Hull & Machinery Insurance, particularly those related to legal liabilities, crew welfare, environmental damage, and cargo responsibilities.
It is commonly provided through international P&I Clubs and is a critical component of comprehensive marine risk management.

Scope of Coverage

P&I Insurance provides coverage for a wide range of operational liabilities, including:

• Crew liabilities

  • Injury, illness, or death of crew members

  • Medical expenses, repatriation, and compensation

• Third-party liabilities

  • Injury or death of passengers and third parties

  • Damage to third-party property (ports, terminals, other vessels)

• Cargo liabilities

  • Loss or damage to cargo

  • Errors in cargo handling or stowage

• Pollution liabilities

  • Oil pollution and environmental contamination

  • Cleanup costs and environmental claims

• Collision liabilities

  • Collision-related liabilities not fully covered under Hull Insurance

• Wreck removal

  • Costs for removal of wrecks as required by authorities

• Fines and penalties

  • Immigration, customs, and certain operational fines

Key Benefits of P&I Insurance

• Financial protection against complex and high-value third-party claims

• Compliance with international maritime regulations and conventions

• Reduced exposure to legal and operational risks

• Access to professional legal, claims, and emergency response support

• Enhanced operational security and business continuity

Benefits for Shipowners and Operators

• Comprehensive marine risk management

• Long-term operational and financial security

• Protection of corporate reputation

• Prompt response and assistance during incidents

• Expert claims handling and legal support

Why P&I Insurance is Essential in the Marine Industry

Maritime operations involve significant risks related to human safety, environmental protection, and third-party assets. Without P&I Insurance, shipowners and operators may face substantial legal liabilities and financial losses.

P&I Insurance serves as a critical safeguard, ensuring that marine operations are conducted in a safe, compliant, and sustainable manner, in line with global maritime standards.

Our Role in P&I Insurance

We support our clients by:

• Facilitating P&I Insurance tailored to vessel operations and risk profiles

• Coordinating with P&I Clubs and relevant stakeholders

• Assisting in claims handling and technical communication

• Integrating P&I Insurance with Hull & Machinery coverage

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