What is P&I Insurance?

"P&I insurance" (Protection and Indemnity) is a type of comprehensive liability insurance that protects yacht owners against damages caused to third parties, passengers, crew, the environment, or ports.

This insurance covers a wide range of risks not included in standard policies, such as injuries, collisions, wreck removal, oil spills, and legal liabilities. It is often mandatory for commercial yachts and those entering international ports.

Who Needs It?

• Commercial yachts offering charter services
• Yachts calling at international ports
• Yachts at risk of environmental pollution
• Those operating in countries like Greece where such coverage is a port requirement

Before issuing an insurance policy, don’t forget to review technical compliance under Survey Procedures. Before starting charter services, our article on Yacht and Flag Registration may also guide you.

"P&I insurance" is not only a requirement by port authorities and legal regulations but also a professional reflection of your responsibility as a yacht owner.