Marine P&I Insurance
Unfortunately there is no single standard Marine Protection and Indemnity (P&I) Form for insurers, and coverage will be based on the terms and conditions negotiated and agreed.
P&I covers maritime liability risks associated with the operation of a vessel. Most P&I covers include payments for third party loss of life, injury, illness, hospital, and medical expenses.
Owners of vessels should effect Marine Hull and Protection and Indemnity insurance for their vessels (see Marine Hull and Machinery for more information). However in the event of a third party loss, it is recommended that a Charterer also consider Protection and Indemnity insurance to protect personally against any direct claims against a charterer (which the Hull Owner may be liable) or protect against any contributory claims by the Owner against the Charterer.
Obtaining a Quotation
Insurers will require a completed questionnaire or proposal form which will include basic information about the Hull (see Marine Hull and Machinery for more information).
For more information please contact ARMS Risk Management.
All policies are subject to policy terms, conditions and exclusions contained in the policy wording and agreed with the insurer. The information provided in the following pages are a general description of the cover only. For more information about any of the insurances on our website please contact ARMS Risk Management.