The nature of work aboard a vessel exposes crew to hazards and accidents that could leave members unable to work for extended periods of time, potentially obstructing the vessel’s ability to operate safely and causing extended operational and financial impacts.
Although Protection & Indemnity (P&I) insurance covers crew liabilities, it does not extend to benefits. Crew Personal Accident (PA) coverage can dovetail with a member’s
P&I policy to offer additional support to a shipowner’s crew. Traditionally leveraged by yacht owners, Crew PA has been increasingly explored by commercial shipping firms as a solution to address changing risks crews are facing.
Crew PA is specifically designed to address the needs and risks of the ship’s officers and crew.
Crew PA typically provides a payment of a lump sum to the crew member or to their dependants following an accident, and can be extended to provide cover for the continued payment of wages following injury or sickness. Amid the many ongoing impacts of the COVID-19 pandemic, access to medical facilities is increasingly important. Crew PA coverage can include medical expenses at varying limits and support of assistance providers in emergency medical situations at varying limits.
Since attracting and retaining crew is increasingly challenging for shipowners, the security provided by
Crew PA insurance can enable shipowners to retain crew members by providing longer-term benefits.