Why Every ShipOwner Needs Protection and Indemnity Insurance

In the complex sphere of marine business, shipowners have a plethora of threats that severely affect its financial standing and business sustainability. Protection and Indemnity or P&I insurance is one of the vital shields against the said risks for shipping firms. This specific type of insurance gives coverage on different liabilities that a shipowner may experience. In this blog I will look at why P&I is a necessary acquisition for every ship owner and how it interacts with other marine & cargo coverage products.

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