AIG provides comprehensive insurance protection for shipowners against a wide range of third-party liabilities and risks arising from the operation of their vessels.
Key Benefits:
• Protects the shipowner’s balance sheet from catastrophic losses
• Helps to stabilize cash flow by covering unpredictable liabilities
• Ensures compliance with international maritime standards and requirements
Scope of Cover:
Our P&I insurance offers broad protection, including but not limited to:
• Liability in respect of crew – injury, illness, or death claims
• Liability to third parties – excluding crew and passengers
• Expenses of ship diversion – due to medical or other emergencies
• Collision liability – with other vessels
• Fixed and floating object (FFO) liability
• Environmental pollution liability
• Towage liability – including contractual and non-contractual claims
• Wreck removal liability
• Cargo liability – loss of or damage to cargo carried onboard
• Special compensation to salvors
• War and strike risk liabilities
Target Vessels:
AIG’s P&I insurance is tailored to meet the needs of small and medium tonnage vessels, including:
• Dry cargo ships and bulk carriers
• Fishing vessels
• Tankers
• Port and supply vessels
• Tugboats
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