Why Protection & Indemnity Insurance is Essential for Shipowners and Logistics Companies

Operations within the maritime realm exist in challenging circumstances of high risk so insurance emerges as an essential element for shipowners together with logistics organizations. Protection and Indemnity Insurance (P&I Insurance) was made to protect ship operators from multiple liabilities which emerge during maritime vessel operations. Protecting businesses from absorbable financial losses are the main objectives of this specialized insurance coverage which shields companies from severe financial damage stemming from cargo damage plus crew injuries and pollution disputes.

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