Travelers Commercial Hull and Protection and Indemnity (P&I) coverages can protect you against physical damage to the ship and legal liability.
Travelers Commercial Hull coverage provides coverage for physical damage to the hull, machinery and equipment of commercial vessels caused by various perils of the sea. It also provides coverage for property damage resulting from collision with other vessels.
Hull coverage additions can include:
Written in conjunction with commercial hull, P&I coverage protects the vessel owner against legal liabilities arising out of negligence in the operation of a vessel. Coverage includes liability for both property damage and bodily injury.
Specially-designed coverage is also available for recreational charter and miscellaneous vessels such as party fishing charter boats, whale-watching excursion vessels and fishing guides.