Third-party liability and contractual liability protection are provided by:

Question

Quizplus · Accepted Answer

Protection and indemnity insurance is specifically designed to provide coverage for third-party liability and contractual liability related to maritime or shipping operations. All risks insurance typically provides property damage coverage and may include some liability coverage, but it is not specifically designed to cover third-party or contractual liability. Comprehensive general liability coverage can provide third-party liability coverage, but may not cover the specific types of liability related to maritime or shipping operations. Umbrella insurance provides additional liability coverage on top of existing policies, including general liability, but it does not provide the specific coverage needed for maritime or shipping operations.

Third-Party Liability and Contractual Liability Protection Are Provided By