Protection & Indemnity Insurance

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While at sea, vessels and their cargo are exposed to various threats such as damage, loss, accidents, and natural disasters, which can all lead to substantial financial losses.

Insurance plays an essential role in helping to mitigate these risks, however typical maritime insurance may not cover all incident associated with the ownership and operation of a vessel. That's where specialised Protection and Indemnity Insurance can help.

What is Protection and Indemnity Insurance?

Protection and Indemnity Insurance (commonly called P&I, or P&I membership) provides cover for third-party liabilities associated with the operation of a vessel such as cargo loss, personal injury to third parties, pollution and collisions.

Every major Australian port mandates commercial vessel owners and operators to maintain some form of Protection and Indemnity insurance to operate within the Port confines. All shipowners utilising their vessels for business, transportation, or passenger, worker, or cargo transport will also need to hold this type of insurance to cross international waters.

P&I Insurance is essential for shipowners, charterers, and operators, marine contractors, port authorities, and other maritime entities may protection against liabilities arising from their activities in the maritime industry.

A Protection and Indemnity Insurance policy typically covers:

  • Injury to Crew where not covered by Workers Compensation or Seafarers Liability
  • Deviation expenses
  • Legal Assistance and Defence Costs as standard a form of cover commonly not included, but considered to be a necessity for Commercial operators.

Where necessary, Coverforce can also negotiate 'Specialist Operations Coverage' for those vessel operators involved in works such as navigational marker maintenance, seabed/seafloor works and subea pipe laying.

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How Coverforce Can Help

Our marine specialist insurance brokers can assist you with personalised risk advice and the placement of a reliable P&I insurance policy at competitive rates. We also have access to the Global Protection and Indemnity Insurance market, including the International Group of Protection and Indemnity Clubs - the premier P&I insurers in the world.

For more information or to arrange cover, please contact our team at 07 3613 7900. Alternatively, you can simply fill out the quote form below and one of our insurance brokers will get in touch with you shortly.

Our Global Insurance Network
Our brokers can access more than 100 insurers across the globe to find your business quality cover at the right price.

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Coverforce 3LP Pty Ltd

Phone: 07 3613 7900

Postal Address:
1/93 Commercial Road, Newstead QLD 4006

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