Owners' Fixed Premium P&I

Protection & Indemnity (P&I) cover for shipowners who want comprehensive protection with the certainty of a fixed annual premium.

Overview

Our Owners’ Fixed Premium cover protects shipowners against the liabilities that come with global shipping, while giving you the certainty of a fixed annual premium.

It’s designed mainly for owners of small and medium-sized ships up to 12,500gt, including ships working in offshore trades or specialist operations.

Who and what we cover

Owners’ Fixed Premium covers a range of third-party risks resulting from global shipping operations across a wide range of sectors and ship types – from international trading fleets to regional and specialist operations.

These can include:

  • Injury, illness or death of crew or passengers

  • Loss of or damage to cargo

  • Damage to other ships, property or port infrastructure

  • Pollution and environmental damage

  • Wreck removal and related costs

  • Other third-party risks

Owners’ Fixed Premium cover comes with certain limits and exclusions depending on the type of risk, the terms of entry and each claim’s specific circumstances.

Key features and benefits

  • Fixed price

  • Cover tailored to your operations

  • High levels of financial protection

  • Expert claims and legal support

  • Global support network

  • Responsive, member-focused service

Experts in Owners' Fixed Premium cover

Our underwriting, claims, legal and loss prevention specialists bring deep experience of the shipping industry for practical support at every stage.

With teams in London, Hong Kong, Piraeus, Limassol, Seoul and Shanghai, and a trusted global network of local expertise, we’re available wherever and whenever you need us.

Loss and incident handling

When an incident happens, getting early personal support can make all the difference. You can contact us straight away for guidance.

You’ll speak directly to experienced people who understand your business and can help you decide what to do next  - without unnecessary delays or handovers.

We’ll work with you to coordinate the response, bringing in local experts, surveyors, or specialist legal support where needed, so you stay in control at all times and can move forward with clarity.

Claims handling

When you make a claim, our claims team will guide you through the entire claims process and support you from start to finish. Our focus is on resolving claims quickly and fairly, so you can focus on your operations.