Protection & Indemnity Insurance – What is it??? If you own a boat and have an insurance policy, you may have noticed in your policy you have Protection and Liability (P&I).  Has it ever been explained?  We will try to offer a brief explanation and highly encourage you to speak to your agent. If you look at your policy and you don’t have P&I coverage, please contact a marine Insurance specialist like Gallagher Charter Lakes.  This is a brief overview of P&I. FOR THE VERY LARGE OCEAN VESSELS P&I is liability coverage for the boat or ship owner.  Most of... Continue Reading →