Protection and Indemnity Insurance

This is liability coverage for watercraft used for business purposes. This might include marine and diving contractors who use tugs and barges, as well as ship, yacht and commercial vehicle operators (like bareboat, six-pack, head boats or demise charterers-lessees who take full control of a vessel).

We can put together a policy to protect the insured from liabilities, bodily injury, or property damage arising out of the use, or ownership of declared vessels.

Some of the areas we can arrange cover for include:

• Loss of life of crew, passengers and third parties (except for liabilities under statutory compensation acts or state Workers’ Compensation)
• Injury and sickness of crew, passengers and third parties (except for liabilities under statutory compensation acts or state Workers’ Compensation)
• Damage to cargo on board the vessel
• Damage to piers, docks, jetties and other fixed floating objects
• Wreck removal costs
• Collision liability
• Towage liability