Owner’s Liability Insurance

CLAIMS INFORMATION

WHAT LIABILITIES ARE COVERED?

  • Loss of life and injury of crew members/guests/etc
  • Collision liabilities
  • Pollution liabilities
  • Damage to Third party property
  • Wreck removal liabilities
  • Legal fees and expenses incurred to minimize or avoid claims recoverable under P&I cover

WHAT LIABILITITIES ARE NOT COVERED:

  • Fines
  • Loss of any property
  • Any loss of hire or indirect losses

General goal of P&I insurers is to minimize or defend liability claims against the Owner. Where this is not possible – Club will indemnify such liability claims.

1. CLAIMS PROCESS

1.1 DISCOVERY OF EVENT WHICH MAY LEAD TO A CLAIM

In case of:

  • Receipt of any notice of liability from Third party or
  • Any incident which may result in Third party claim
  • Crew / contractor / visitor / etc. fatality, Injury or sickness, which requires hospitalization / repatriation or may result in permanent or temporary disability

the following steps should be followed:

  • As soon as practically possible inform OnlyYacht and/or P&I Club directly using following contact details
  • Take all necessary steps to avoid further loss and to mitigate current loss (especially in respect of pollution events)
  • Collect all possible documentary evidence including witness statements (for witnesses outside the group please record contact details), photographs, etc
  • Preserve all possible physical evidence for inspection
  • Where obliged report event to respective authorities

1.2 NOTIFICATION

When sending your Notification – please include following information:

  • Date and Place of Loss
  • Incident Description
  • Contact person at the place of the damage and possible place for inspection

When possible – please accompany declaration by following documents:

  • Letter of Liability / Protest received
  • Photos
  • Any damage statements
  • Any witness statements and contact details
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