Protection and Indemnity Insurance

Protection and Indemnity Insurance (P&I Insurance) is a type of marine insurance that covers ship owners and operators against various liabilities they may face while operating a vessel. This includes claims for injuries to crew members, damage to cargo, pollution incidents, and damage to other ships or property. Unlike traditional hull insurance, which covers physical damage to the vessel itself, P&I Insurance focuses on the legal and financial responsibilities that arise from maritime operations, ensuring that ship owners are protected from potentially significant financial losses due to accidents or incidents at sea.