Marine Insurance
A Contract of Marine Insurance undertakes to indemnify an insured against losses incidental to a marine venture i.e. it protects the ship owner and cargo owner against losses at sea.
Protection and Indemnity (P&I) covers liability in respect of:
- Crew on board or ashore.
- Other personnel on board.
- People on quayside injured by vessel gear and equipment.
- Collission with other vessels.
- Damage to other property.
- Pollution.
- Removal of wreck.
- Legal cover.
- Other liability solutions as may be agreed.