Protection & Indemnity

Frequently Asked Questions

What is P&I insurance?

P&I insurance, or Protection and Indemnity insurance, is a type of maritime insurance that provides coverage for shipowners and operators for their liabilities, costs and expenses arising from a variety of incidents related to the operation of their ships. This includes incidents such as injury or death of crew or passengers, cargo loss or damage, pollution, and collision.

Why is P&I insurance important?

P&I insurance is important because it provides shipowners and operators with financial protection in the event of a loss or incident. Without P&I insurance, shipowners and operators would be financially responsible for any liabilities, costs or expenses arising from incidents related to the operation of their ships, which could be financially devastating.

What does P&I insurance cover?

P&I insurance covers a variety of incidents related to the operation of ships, including:

• Injury, illness and death of crew, passengers or other persons
• Cargo loss or damage
• Wreck removal
• Pollution
• Collision
• Dock damage
• Fines or administrative penalties arising out of the operation or management of ships
• Excess war risks

What is the International Group of P&I Clubs?

The International Group of P&I Clubs is a group of 13 P&I providers that provide mutual P&I cover to shipowners and operators. The clubs are rated 'A' by Standard & Poor's. As a leading member of the International Group of P&I Clubs, we provide mutual P&I cover to higher limits than usually available in the commercial market.

How do I purchase P&I insurance?

To purchase P&I insurance, you will need to contact a member of our specialist P&I underwriting team. They will work with you to assess your maritime insurance needs and provide you with a quote for coverage.