P&I insurance is available for a wide range of vessels, including cargo ships, tankers, passenger vessels, fishing boats, and even pleasure craft, depending on the insurer’s terms.

Yes, P&I policies typically exclude coverage for intentional misconduct, fines from criminal acts, and certain war-related risks. Always review policy terms for specific exclusions.

P&I covers third-party liabilities, such as injury or pollution, while Hull & Machinery insurance protects against physical damage to the vessel itself.

Yes, most P&I policies include coverage for legal defense costs arising from covered third-party claims, helping to manage potentially significant legal expenses.

Yes, P&I insurance typically covers liabilities arising from accidental pollution, including oil spills and clean-up costs, subject to policy limits and conditions.

Claims are usually managed by the insurer or a P&I club, providing expert support and guidance throughout the claims process, including investigation and settlement.

Both shipowners and charterers can obtain P&I insurance, as both parties may face liability exposures during vessel operations.

Many P&I policies offer limited coverage for loss or damage to crew members’ personal belongings while on board, but coverage amounts and conditions may vary.