Shipowners, vessel operators, charterers, and financiers involved in commercial marine operations should obtain Hull Insurance to protect their assets and investments.

The policy covers the vessel’s hull, machinery, and equipment, as well as liabilities arising from collisions or other insured maritime incidents.

Yes, Hull policies can be extended with Protection & Indemnity (P&I) coverage for crew injury, pollution, collision liability, and wreck removal.

Exclusions generally include wear and tear, willful misconduct, delay, nuclear risks, and war or strike perils unless separately insured.