Protection & Indemnity Insurance

Protection and Indemnity (P&I) insurance has developed over the last 200 years in response to the need amongst shipowners for insurance cover for risks not recoverable under standard hull and machinery policies.

A shipowner can incur liabilities towards many different third parties while operating ships. P&I insurance provides this third party liability cover.

Nowadays this kind of insurance becomes more and more important and in some cases necessity to get a P&I  Policy becomes compulsory owing to strict requirements of port authorities and growing number of acts on environmental protection passed by governments of different countries.