Owner's P&I

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P&I covers Owners against claims in relation to people, the environment, third party property and for the care and carriage of cargo including GA. In an increasingly hostile environment against shipowners secure coverage with professionals is essential for the modern shipowner.

Cover under the Liability Class for shipowners is broken down into three main areas:

LIABILITIES RELATING TO PEOPLE

(Section A of the policy)
  • Members of the crew
  • Substitutes
  • Passengers
  • Third persons
  • Stowaways, refugees and persons rescued at sea
  • Diversion costs
  • Life salvage
  • Quarantine

LIABILITIES RELATING TO PROPERTY AND THE ENVIRONMENT

(Section B of the policy)
  • Loss or damage to property not on board the ship
  • Loss or damage to property on board the ship
  • Collision with other ships
  • Damage to other ships (other than by collision)
  • Pollution
  • Special compensation to salvors
  • Towage
  • Wreck Liabilities
  • Cargo Liabilities

LIABILITIES RELATING TO OTHER MATTERS

(Section C of the policy)
  • General Average
  • Fines
  • Enquiry expenses
  • Expenses incurred by direction of the Insurer
  • Legal costs and sue and labour
  • Owners’ excess P&I war risks cover