Ocean Marine Insurance — Commercial Hull and Protection & Indemnity
Commercial Hull coverage protects the hull, machinery and equipment of commercial vessels against damage caused by various perils of the sea. It also provides coverage for property damage resulting from collision with other vessels.
Written in conjunction with commercial hull, a Protection and Indemnity coverage protects the vessel owner against legal liabilities arising out of negligence in the operation of a vessel. Coverage includes liability for both property damage and bodily injury.
- Charter Boats
- Tug and barges
- Crew/Supply Boats
- Research Vessels