Dictionary of Business Terms: ocean marine protection and indemnity insurance
ocean marine protection and indemnity insurance
coverage for bodily injury and property damage liability excluded under standard ocean marine insurance policy. Coverage includes protection of wharfs, docks, and harbors; bodily injury; cost of removing the wreck if ship is sunk; and the cost of disinfecting and quarantining a ship.
Dictionary of Insurance Terms: ocean marine protection and indemnity insurance
ocean marine protection and indemnity insurance
coverage for bodily injury and property damage liability excluded under standard ocean marine insurance. Coverage includes protection of wharfs, docks, and harbors; bodily injury; cost of removing the wreck if ship is sunk; and the cost of disinfecting and quarantining a ship.
