Indemnity Insurance Definition
The Indemnity Insurance Definition is the broad type of marine legal liability coverage. hull marine insurance is limited to an insured ship. With the addition of a running down clause, a policy can be extended to cover liability in case of collision with another ship. But many ship-owners desire the much broader coverage offered by protection and indemnity insurance since it covers the ship operator for liability to crew members and other people on board, damage to fixed objects like docks, and other miscellaneous claims.
