Beautiful when you enjoy it, but full of responsibilities and risks, when you travel in it...
Furthermore, compulsory insurance is provided to cover Shipowner Civil Liability to third parties and the crew, P&I (Protection & Indemnity).
Primarily the crew insurance covers the amount of the Exemption not covered by the Mutual Insurance Organizations in the Protection & Indemnity – P&I coverage, which covers the Shipowner’s Civil Liabilities to third parties and the crew.
The insurance of ship crews is necessary and crucial for shipowners, as there is no social security fund that immediately undertakes the insurance coverage of seafarers. The N.A.T. (Sailors Pension Fund) is a pension fund, while the “HOUSE OF THE SAILOR” undertakes the care of the sailor, after the ceilings of the responsibility of the shipowner, who is solely responsible for the sailor’s care, have been exhausted.