Solution
Shipowners P&I
Owning a vessel in today’s complex market comes with enormous responsibilities and significant risks.
Our Shipowners’ P&I product brings peace of mind and security. Designed specifically for shipowners our product provides cover for any legal liabilities ensuring your business is fully supported and financially protected in the event of a claim being made against you.
Our Shipowners P&I policies are suitable for owners of almost all types of vessel and we have particular expertise in the often under-served small to mid-sized market.
Our policies are tailored to the type of vessels you own, taking into account its use, its specification, and the nature of the risks in its operation. We accept fleets or single vessels with no restrictions on the age or class of ship and cover of up to US$1 billion.
Cover falls into four main categories:
- Cargo liabilities: cover in the event of shortage, non-delivery, or damage to cargo.
- Crew liabilities: cover for the care and safety of your crew, including medical costs, repatriation, replacement crew and compensation costs arising from illness, injury or death.
- Third party liabilities: cover for financial losses suffered by an individual or company due to an error that you or your attendants have made, including pollution, collision and personal injuries.
- Legal cover or professional fees: cover against costs incurred while defending a liability claim, such as lawyers’ fees and formal investigations.
Additional cover options
War P&I Global trading and operations can face significant risks due to a civil or international conflict. Our War P&I keeps you protected against liabilities arising during war.
Marine Defence (FD&D) A dispute arising from charter parties and other contracts, can lead to significant legal costs. Our Marine Defence product can provide protection.
Tailor-made additional Every situation is different and when standard Charterers’ Liability is not enough, we offer a wide range of additional covers like War, Bunker insurance, Freight insurance to ensure you are fully protected.
