| Protection & Indemnity insurance is shortly | | | | protection through buying P & I insurance policy. |
| known as P & I insurance that specifically | | | | This kind of insurance protection is generally counted |
| protects liability coverage designed for sea-going | | | | in the ocean marine protection which also covers |
| yachts, vessels and boats. It is mainly used for ships | | | | liability against cargo, freight and hull as well. |
| that are used for transportation cargos for | | | | Liability Risks Generally Covered by P & I |
| commercial usages. This type of insurance usually | | | | Insurance Policy: |
| provides complete liability protection against the | | | | There are a number of liabilities that may trouble ship |
| liability caused to ship owners. | | | | and boat owners during a period of time. In addition, |
| Who Needs P&I Insurance Policy? | | | | the amount of compensation is usually quite high, |
| This kind of insurance protection is generally sought | | | | making it impossible for owners to pay from their |
| by the owners of ships or any other kinds of water | | | | pockets every time. To fight such issues, boat or |
| crafts that are used for varied purposes. However, | | | | ship owners can take comprehensive protection |
| predominantly the insurance policy is meant for water | | | | policy against a number of liability risks arising from |
| vessels engaged with commercial purposes. There | | | | P&I insurance policies. |
| are times, when the ship owners have to face | | | | There are a number of insurance providers that offer |
| third-party liability when facing a number of fateful | | | | absolute protection against fateful incidents. Find the |
| incidents and accidents. During such tough times, a | | | | right and get the desired protection! |
| commercial ship owner seeks absolute liability | | | | |