Ship Owners P&I
Specialised Hull & Machinery and P&I Insurance for Shipowners in the UAE.
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What is Hull & Machinery + P&I Insurance for shipowners?
Sea-based operations come with high-worth dangers, from fickle weather and equipment malfunctions to legal risk and environmental lawsuits. That’s where CoverB comes in. - Hull & Machinery (H&M) Insurance covers your vessel’s hull and the machinery installed on it for damage caused by vessel perils, fire, collision, grounding or piracy. - Protection & Indemnity (P&I) insurance covers, among other things, liability for crew injuries, pollution, cargo losses, and collision damage. CoverB enables you to better manage risk and protect yourself against any eventuality with marine insurance made for today’s shipping world.
Key Inclusions in the Shipowners Insurance Policy
Wreck Removal & Legal Defence
Protection & Indemnity: Covers wreck removal and defense costs associated with the operation of your ship.
Cargo Loss or Damage
Protection & Indemnity: This coverage protects you from potential legal liability for any damage or loss that may occur during transit.
Pollution Liability
Protection & Indemnity: Oil spills and environmental cleanup are covered with this P&I Insurance for shipowners in the UAE.
Crew Injury, Illness & Death
Protection & Indemnity: Legal liability for crew repatriation, compensation and medical expenses.
Collision Liability
Hull & Machinery Insurance: Coverage for third-party collision damage as per policy terms.
Salvage Expenses & Sue and Labor
Hull & Machinery Insurance: With the help of this insurance, reasonable expenses can be recovered for your ship and reduce losses.
Insured Marine Perils
Hull & Machinery Insurance: This coverage encompasses protection against fire, piracy, grounding, collision, storms, and crew negligence.
Partial Damage Repair
Hull & Machinery Insurance: Protect damage to the hull, machinery and other essential apparatus.
Total Loss
Hull & Machinery Insurance: It is an actual or constructive total loss when the vessel is a complete loss; that is to say, it is beyond economic reparation.
Secure Your Future with a Quick Quote
Secure your business with our comprehensive Ship Owners Hull Machinery Policy.
FAQs about Ship Owners Professional Indemnity cover
CoverB provides policy recommendations and consultancy. We can cut through the confusion to ensure you have the best possible cover in place; we can also assist you in changing to a more competitive one.
Yes. At CoverB, our expertise advise on marine insurance for shipowners in the UAE, enables us to evaluate your boats’ value, risk factors, and compliance needs and create a policy that is tailor-made for you and your budget.
They are not always mandatory but are vital for financial security, compliance, and access to ports, trade, and routes internationally.
Blogs
Discover more about us, insurance tips, and industry news through our articles.
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