Protection and Indemnity (P&I) insurance is a special form of ocean marine coverage that covers practically every liability relevant to the marine industry not already covered by a worker’s compensation policy or the collision clause of a hull and machinery insurance policy. While there is no standard form for P&I, it can be customized around the unique circumstances of each policyholder or P&I club member. P&I coverage can include instances like damage to cargo during transportation and risk of damage as a result of oil spills, pollution, or war.

Marine General Liability insurance protects your business from legal action related to personal injury or property damage in the event of an accident involving your insured vessel.

If you are the builder or owner of a marine vessel, Builder’s Risk insurance provides coverage for a vessel over the course of its construction and insures against the damage or loss of the vessel during early-stage testing and delivery.

Properly insuring your commercial fishing vessel can help prevent your business from suffering unnecessary financial losses. Along with providing the typical coverage for marine vessels, such as P&I, hull and machinery, and general marine liability, commercial fishing vessels can be insured under policies specific to commercial fishing. These specialized policies can include coverage for liability claims associated with your crew, coverage for your stock and cargo, as well as coverage for nets and other fishing equipment.