What is P&I insurance?
Protection and Indemnity insurance (also known as P&I insurance) is used worldwide, specifically in the marine industry. It is a policy that ship owners purchase to protect themselves against liability claims from crew, passengers and third parties.
Get in touch with the Hayes Parsons team to discuss your P&I requirements.
Specialist Team
Darren Harris ACII
Marine Director | Chartered Insurance Broker
Laura Walton ACII
Account Executive | Chartered Insurance Broker
Hannah Saunders Cert CII
Account Handler
We provide specialist insurance solutions for all commercial vessels including:
Protection & Indemnity
Cargo Liability
Freight Demurrage and Defence (legal defence)
Specialist operations
Charterers Liability
We can cover all types of private and commercially operated vessels within both the International Group Clubs and fixed premium facilities.
Example P&I claims
Collision Liability and subsequent Wreck Removal claim from a harbour tug – £1.2m
The Nairobi International Convention on the Removal of Wrecks, 2007 (which the UK has ratified), places strict liability on owners for the costs of removing wrecks in thecountry’s EEZ (exclusive economic zones). The P&I club paid costs to the third party who was initially hit as the tug was at fault, and the costs of salvaging the tug as required by the law. The P&I club also provided advice, assistance and covered associated legal costs.
Sightseeing boat was out on a sea safari pleasure trip and hit some rocks resulting in a crew and passenger liability claim following injury sustained – £950k
The Athens Convention 1974 sets specific values for passenger injury or death which have to be paid following injury as compensation.The P&I club supported the client during a difficult period, and made the payments as required by the Convention.
Risk Management
Need support or assistance with risk management? Find out how we can help.
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