Protection & Indemnity Insurance

Protection & Indemnity (P&I) Insurance is a type of insurance that provides coverage for maritime liabilities beyond standard hull insurance. It is primarily used by shipowners and operators to protect against various risks, such as damage to cargo, environmental pollution, crew injuries, and claims from third parties. Essentially, it ensures that shipowners can cover legal and financial responsibilities arising from their operations at sea, offering peace of mind and financial security in the complex maritime industry. P&I Clubs, which are mutual insurance associations, typically offer this type of coverage.