Owning a vessel involves some serious responsibilities in today’s complex market. Our Shipowners’ P&I product is specially designed to cover your legal liabilities, so that you are financially protected and fully supported in the event of a claim against you.
About the product
Rather than adopting a one-size-fits all approach, our policies are tailored to the type of vessel you own, what it’s used for and the nature of the risks involved. We accept fleets or singletons and have no restrictions on the age or class of vessels we insure – up to a USD 1 billion maximum.
Our Shipowners P&I policies are suitable for owners of all types of vessel – especially in the small to mid-sized market.
Why choose us
- Financial security
Core areas of cover
Depending on your requirements, our cover generally falls into four main categories:
Cargo liabilities: covering you in the event of shortage, non-delivery of or damage to cargo.
Crew liabilities: covering 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: covering 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: covering costs incurred while defending a liability claim, such as lawyers’ fees and formal investigations.
Additional cover options
This option covers the legal cost of defending a dispute arising from charter parties and other contracts, depending on your situation.
Tailor-made additional covers
Every situation is different and when standard Shipowners’ P&I is not enough, we offer a wide range of additional covers like War, Bunker insurance, Freight insurance, Kidnap & Ransom to ensure you are fully protected.
Contact your local underwriter