What is the definition of Protection and indemnity insurance? | Dictionary.net

PROTECTION AND INDEMNITY INSURANCE

\pɹətˈɛkʃən and ˌɪndˈɛmnɪti ɪnʃˈʊ͡əɹəns], \pɹətˈɛkʃən and ˌɪndˈɛmnɪti ɪnʃˈʊ‍əɹəns], \p_ɹ_ə_t_ˈɛ_k_ʃ_ə_n a_n_d ˌɪ_n_d_ˈɛ_m_n_ɪ_t_i_ ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\

Definitions of PROTECTION AND INDEMNITY INSURANCE

1910 - Black's Law Dictionary (2nd edition)

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This is insurance coverage that will cover any harm or damage that is done to a ship's crew and cargo due to negligence. It is carried by the owner of the ship.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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