What type of insurance in ocean marine operations covers legal liability for damages arising out of the operation of the insured vessel?

Protection and Indemnity insurance is specifically designed to cover the legal liabilities of ship owners and operators arising from their operations at sea. This type of coverage protects against claims for bodily injury or property damage caused by the vessel, such as injuries to crew members, passengers, or third parties, as well as damage to other vessels or structures.

This insurance goes beyond traditional hull insurance, which primarily covers physical damage to the vessel itself, and cargo insurance, which focuses on the protection of goods being transported. Marine liability insurance can be a broad category, but Protection and Indemnity is a more specialized form aimed at addressing the unique liabilities that arise in the context of maritime operations. Therefore, it is crucial for vessel operators to have this coverage to ensure they are legally protected against potential claims arising from their operations.