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Main Cover

Owner’s P&I

Aurora provides Owners P&I cover, which is a comprehensive insurance policy covering certain third-party liabilities of owners and operators in the small ships’ market.

P&I Cover

Three main areas

P&I insurance covers owners against third-party claims in relation to people on board the ship, loss or damage to the environment, third-party property and for the care and carriage of cargo including General Average. In an increasingly hostile and costly claims environment, secure coverage with professionals is essential for the modern shipowner.

Cover under the Liability Class for shipowners is broken down into three main areas; Liabilities Relating to People (Section A of the policy), Liabilities Relating to property and the Environment (Section B of the policy) and Liabilities Relating to Other Matters (Section C of the policy).

Up to USD 500 Million

We can provide a limit of liability up to USD 500 million for P&I cover.

The deductible and policy terms are structured to suit the owner's individual needs.

Liabilities Relating to People

(Section A of the policy)
  • Members of the crew
  • Substitutes
  • Passengers
  • Third persons
  • Stowaways, refugees and persons rescued at sea
  • Diversion costs
  • Life salvage
  • Quarantine

Liabilities Relating to property and the Environment

(Section B of the policy)
  • Loss or damage to property not on board the ship
  • Loss or damage to property on board the ship
  • Collision with other ships
  • Damage to other ships (other than by collision)
  • Pollution
  • Special compensation to salvors
  • Towage
  • Wreck Liabilities
  • Cargo Liabilities

Liabilities Relating to Other Matters

(Section C of the policy)
  • General Average
  • Fines
  • Enquiry expenses
  • Expenses incurred by direction of the Insurer
  • Legal costs and sue and labour
  • Owners’ excess P&I war risks cover

Claims Management

Our claims team has significant experience of handling claims and casualties with a particular focus on small ships.  Given the wide variety of tonnage on risk, we have dealt with claims involving fires, wreck removal, groundings, personal injury, pollution, collisions with other ships and also shore properties.  Depending on the facts of the case a different approach may be required and we aim to be flexible and proactive in trying to resolve matters early on whilst protecting the interests of the insured and Aurora at all times.

Aurora has a global network of P&I correspondents that can assist in dealing with any claim or casualty.  We have access to surveyors and maritime experts and professionals, who can be called upon when required depending on the nature of the matter.  For example, it may be necessary to instruct a specialist expert to deal with the alleged contamination of a particular cargo on board the insured ship.  With our comprehensive network of experts and suppliers we are able to find someone who is the most suitable for the task at hand.  In a casualty situation, time is often of the essence.  By having the right people with the necessary skills involved early on, we can proactively manage the case thereby minimising the claims exposure for the insured and underwriters.

Want to know more?

For any inquiries please contact us

    Additional covers

    The MECO Group