Protection and Indemnity definition

Protection and Indemnity. Greater of $1 million per Occurrence OR $100,000 per Occurrence per Passenger Seat with Trinity University endorsed as an Additional Insured recommended if outfitter
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Protection and Indemnity risks" means the usual risks covered by a protection and indemnity association that is a member of the International Group of Protection and Indemnity Associations, including the proportion not otherwise recoverable in case of collision under the ordinary running-down clause;
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Examples of Protection and Indemnity in a sentence

  • If the CONTRACTOR will be using a vessel or boat in the performance of this contract, the CONTRACTOR shall maintain a Commercial Marine Protection and Indemnity (P&I) Policy with P&I limit of not less than $1,000,000 per occurrence and with a deductible not to exceed $25,000 (to include diving operations if diving is a part of the contracted service for any liability which includes coverage for injury to the crew and passengers).

  • Such Protection and Indemnity insurance shall include coverage for injury to or death of master, mates, and crew; tower’s liability; excess collision liability; cargo legal liability; pollution liability; and contractual liability.

  • Marine Protection and Indemnity Insurance: If specified in Schedule A or if the Contractor engages in marine operations in the execution of any part of the Work, the Contractor shall maintain, or cause the Subcontractor doing such Work to maintain, Marine Protection and Indemnity Insurance with coverage at least as broad as Form SP-23.

  • Protection and Indemnity (Ocean Marine) except for hulls under 50 feet.

  • Buyer warrants that throughout the term of each tanker’s service under a Transaction, such tanker shall have full and valid Protection and Indemnity Insurance (“P&I Insurance”), including valid pollution liability insurance (“Pollution Cover”), from a P&I Club that is a member of the International Group of P&I Clubs.

  • When the work to be performed entails the use of barges, tug boats, work boats, supply boats, etc., Protection and Indemnity coverage shall be provided at the limits called for under Commercial General Liability insurance.

  • Protection and Indemnity Insurance (P&I) is required for the operation by the Academy of a Training Ship provided by the Administration on a 365/7 basis.

  • The Consultant’s Protection and Indemnity (to include ▇▇▇▇▇ Act) policy shall waive rights of subrogation against the County.

  • The tower shall also insure each tug performing under this contract with Protection and Indemnity Insurance with a minimum limit of $5 million and Hull & Machinery Insurance covering the value of each tug.

  • Further provided that, notwithstanding anything set forth above, or any other provision of this policy, this reinsurance shall always and in all respects be excess of any insurance or reinsurance or coverage with a Protection and Indemnity Club.