protection and indemnity insurance

noun

Definition of protection and indemnity insurance

: insurance for ship owners against loss due to legal liability arising from damage to cargo, injury to passengers and crew, and other legal liabilities not assumed under the regular forms of hull insurance

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Cite this Entry

“Protection and indemnity insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/protection%20and%20indemnity%20insurance. Accessed 25 Oct. 2021.

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