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Understanding P&I insurance in Canada

Understanding P&I Insurance In Canada - ALIGNED Insurance Brokers
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What to know about P&I insurance options in Canada

A tsunami. It strikes fear in the heart of any shipowner or business that faces maritime risks. This is why the best marine insurance coverage options are designed to help you stay afloat when worse case scenarios happen.

This P&I aka Protection and Indemnity liability coverage explainer contains insights for practically all risks associated with Canadian marine vessel operations.

Understanding P&I Insurance In Canada - ALIGNED Insurance Brokers

Featured content – P&I : Marine Insurance explained


With P&I insurance the only risks generally excluded are those already covered by workers’ compensation policies and hull policies’ collision clauses.

How P&I differs from hull coverage

Unlike protection and indemnity insurance, hull insurance provides protection for physical damage to a vessel and any of its operating equipment and machinery.

Any vessel, including barges, tugboats, ther miscellaneous floating equipment and even some fixed properties, offshore oil rigs and similar installations, are all candidates for hull coverage.

You can learn more about specific ocean marine insurance coverages here.

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DYK that standard P&I doesn’t exist? Here’s why…

Your protection and indemnity liability policy will be built with specific terms and conditions.

Underwriters of P&I insurance create bespoke protection and indemnity policies that precisely respond to the specific nature of the marine risk, the character of risk and the amount of insurance you want to purchase.


In the event of a protection and indemnity insurance claim it is important the insurance company is notified as soon as possible so the following can be done:

  • Offer immediate advice as well as assistance
  • Arrange to obtain relevant witness statements
  • Arrange for damage inspections before repairs start, if necessary
  • Advise on salvors appointments if the equipment &/or vessel is still in distress

To learn more about protection and indemnity insurance policies and other marine policies contact an ALIGNED Advocate today.


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Our team of insurance brokers is available to help answer any and all questions you might have about all of our commercial insurance products. If you have a question about business insurance, are uncertain about what a particular coverage term means, or simply want to find commercial insurance that directly aligns with your needs, don’t hesitate to call us toll-free at 1-866-287-0448.

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