Protection &
Indemnity
(P&I) Insurance
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Protection & Indemnity insurance protects shipowners against many of the third-party liabilities arising from the ownership and operation of vessels.
Protection &
Indemnity
(P&I) Insurance
_________________________________
Protection & Indemnity insurance protects shipowners against many of the third-party liabilities arising from the ownership and operation of vessels.
Marasco Marine Ltd assists clients in reviewing and arranging P&I protection appropriate to the vessel, fleet, trading pattern and contractual exposures involved.
Typical P&I Exposures
Depending on the Club or policy wording, P&I insurance may address liabilities involving:
- crew illness, injury and death
- passenger or third-party injury
- cargo liabilities
- pollution
- wreck removal
- collision liabilities not covered elsewhere
- fines and certain regulatory exposures
- quarantine and diversion expenses
- other maritime liabilities
P&I Is Not Only About Club Entry
Marasco reviews:
- Club or insurer security
- deductibles
- crew exposure
- trading area
- charterparty obligations
- claims history
- contractual liabilities
- additional covers
- potential deductible buyback requirements
Crew P&I Deductible Buyback
Where a P&I Club policy carries a substantial crew deductible, Marasco can arrange separate insurance designed to reduce the Assured’s retained exposure.
This can be particularly relevant to fleets experiencing frequent crew medical, injury or repatriation claims.
FAQs
What is the difference between H&M and P&I?
H&M primarily protects the vessel itself. P&I primarily responds to third-party liabilities arising from vessel operation.
Can P&I deductibles be insured separately?
In certain cases, yes. Marasco has experience arranging crew P&I deductible buyback solutions.
Does Marasco work only with International Group Clubs?
Marasco considers established insurance solutions according to the client’s requirements and the risk presented.
Can Marasco assist with P&I claims?
Yes. We assist with claim coordination, documentation and recovery issues.
