At Coverforce, we 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.
Therefore, our marine specialist insurance brokers can assist you with personalised risk advice and the placement of a reliable Protection and Indemnity Insurance policy at competitive rates.
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, personal injury to third parties, pollution and collisions.
Do I need Protection and Indemnity Insurance?
Every major Australian Port will require commercial vessel owners and operators to maintain some form of Protection and Indemnity Insurance in order to operate within the Port confines.
What does this Insurance cover?
Public and Products Liability insurance typically excludes liability arising out of the use or navigation of Watercraft. Therefore, Protection and Indemnity cover fills this gap to ensure you are adequately covered.
Your Coverforce placed Protection and Indemnity Insurance policy can include:
- Coverage for Injury to Crew where not covered by Workers Compensation or Seafarers Liability
- Coverage for deviation expenses,
- Coverage in respect of 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 subsea pipe laying.
For more information or to arrange cover, please contact our specialised team at our Coverforce Office.
Alternatively, you can simply fill out a Protection and Indemnity Insurance Quote Form below and one of our insurance brokers will get in touch with you within one business day.