|
||||||||
|
||||||||
|
Protection and IndemnityOverview - Protection and Indemnity (P&I) insurance is liability coverage for watercraft. It protects the insured from liabilities, from bodily injury, or property damage arising out of the use, or ownership of declared vessels. There are several commonly used protection and indemnity forms and many proprietary forms used for this insurance. Most P&I forms offer payments for loss of life, injury, illness, hospital, and medical expenses. Typical Insureds - Marine & Diving contractors who have tugs & barges, ship, yacht and commercial operators of vessels used for business purposes, including bareboat, six-pack, head boats or demise charterers-lessees who take full control of a shipowner's vessel. What It Covers - The typical P&I policy covers:
|
|||||||
Last updated: December 16, 2017 |