Owner/manager’s vessel will be insured under P&I insurance warranted that the risks have occurred either from legal /contractual liability of the owners or the risks are derived from peril’s of the sea.
Cover is being provided mainly in the following sections:
- Crew claims
- Stowaway claims
- Collision (unless otherwise specified only ¼ of collision liability is under P&I cover, remaining is included with hull and machinery policy under London, Institute Time Clauses- Hulls.
- Wreck removal
- Cargo claims
- Pollution and mitigation expenses
- Towage risks during towage of vessel
- Fines
- Quarantine expenses
Affinity applications in insurance not only enhance customer service but also offer several advantages to companies:
In conclusion, affinity applications in insurance are a means of providing better service to customers and attracting new ones for businesses. These programs reflect industry advancements by focusing on specially designed insurance products and customer needs.
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