The Continental Steamship Owners Mutual Protecting & Indemnity Association Ltd provides a mutual P&I insurance and a fixed premium P&I cover – the third party legal liability insurance for ship owners and operators of commercial vessels.
Details of the risks insured are as follows:
- Illness, injury and death of crew, passengers and other third parties on board
- Stowaways, deserters and refugees
- Collision with other ships
- Damage to property (FFO)
- Pollution
- Wreck removal
- Loss of and damage to cargo
- Fines
- General Average (in certain circumstances)
- Salvage (certain aspects such as SCOPIC)
- Costs incurred in investigating and defending liability
- Costs incurred in inquiries and criminal proceedings
- Sue and labour expenses
We are a team of experienced Underwriters, Claims handlers, Master Mariners and Technical advisors available 24/7 in order to efficiently prevent and/or reduce the consequences from claims and to arrange prompt and settlement thereof.
The Continental Steamship Owners Mutual Protecting & Indemnity Association Ltd is reinsured at Lloyd’s up to US$1,000,000 (one million) on all insured accidents. The main layer of insurance forms US$25,000,000 (twenty five million) and is extendable to US$1,000,000,000 (one billion) if it is necessary. Continental has its reinsurance placed solely through Lloyd’s Brokers.
You may download the Entry Form by clicking the links hereunder.