P&I Fixed Premium:
Predictable pricing, exceptional protection

Looking for premium-level service at a guaranteed, fixed cost? Our P&I Fixed Premium policy offers set annual pricing and flexible limits, so you know beforehand exactly what you will pay. While this option does not come with mutual membership benefits, you still receive full access to our expert in-house legal team and specialists. Anytime and anywhere in the world.

High-Level cover with predictability

Fixed annual premium – No release calls, no surprises

Comprehensive protection up to $1 billion

Shipowners Liability (SOL) is an additional insurance for shipowners for risks not covered by P&I. This insurance covers, among other things, risks associated with course deviations and discharge without a bill of lading.

P&I protects the most important aspects of your shipping operations

P&I (Protection & Indemnity) has been our main insurance product since 1937. It is your core insurance and combines well with available additional insurances, creating a package that is tailored to your unique circumstances and needs. Nearly all countries and ports around the world require you to have P&I insurance before doing business with them.

P&I covers a wide range of liabilities you have as a shipowner, including third-party injury, cargo loss, pollution and more, often on a scale that only a specialist insurer like NNPC Marine Insurance can support. You can read the full coverage list in our terms, downloadable below.

No risk, but fewer rewards

Fixed Premium offers financial security and ease of mind, but you will miss out on several key benefits:

Potential partial premium restitutions in strong years
More service for the same premium
Read the full list of differences between Fixed Premium and Mutual in the frequently asked questions bellow

Worldwide service,
personal touch

24/7 claims and support access
Fast, efficient claims handling to minimize disruption
Committed to protecting your ships, people, and operations
Strategic partnerships with NorthStandard and IMU

Frequently asked questions

Both offer the same core high quality P&I coverage, but they differ in structure. Mutual offers shared risk and potential profit sharing, while Fixed Premium offers certainty of premium, but less service. See our full comparison here:

The NNPC Service Plan	NNPC Mutual	NNPC Fixed
Cover NNPC Mutual offers full IGA cover, whereas NNPC Fixed Premium is a commercial cover.	IGA LIMITS	Up to USD 500m or as per policy
International network Whenever you need help, NNPC correspondents, lawyers and experts are available anywhere in the world.
Information & Alerts NNPC informs you continuously about important developments and the latest news via email, website and the NNPC app
Information & workshops on prevention NNPC offers regular information and advice on risk prevention in its publications and workshops.
Arrangement of bank and club guarantees In case of a threat of arrest, NNPC can offer a bank or club guarantee.
Legal assistance NNPC offers assistance with legal disputes relating to an insured ship.
Worldwide cover K&R Kidnap & Ransom insurance with a worldwide cover with the exception of excluded areas.
Pre-entry survey Before the start of the insurance, NNPC will carry out a free inspection of the relevant ship(s).
Risk check On request, NNPC will occasionally check your operational risks and identify whether the level of cover is adequate.
Bonus & discount You will receive a bonus for sailing without damage and costs, and a discount when your ship is laid up.
Inspection of ships NNPC offers a free periodic inspection of ships.
Pre-loading survey NNPC offers pre-loading surveys and will pay 50% of the costs.
Heavy cargo survey NNPC carries out heavy cargo surveys and offers this without extra costs.
External costs Survey costs and legal costs are covered.