Protection and Indemnity Insurances


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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