Water transport owners civil liability insurance

Water transport owners civil liability insurance

Water transport owners civil liability insurance 

Object of insurance is a property interest of the Policy-holder (Insured), associated with the responsibility of the latter to compensate for the harm caused to the life, health, and/or property of a physical person and the harm caused to the property of a legal person during operation of a ship according to the procedure established by the civil legislation.
Event insured shall be considered occurrence of the Insured’s civil liability to compensate for the harm caused to third parties, passengers, and cargo owners as a result of operation of the ship specified in the Insurance Agreement.