We also have successfully represented policyholders in connection with «first party» losses under employee dishonesty policies, «all risk» property policies, ocean
marine open cargo policies, and precious metals «stock floater» policies.
[1] Whereas a
marine insurance company provides «hull and machinery» cover for shipowners, and
cargo cover for
cargo owners, a P&I Club provides cover for
open - ended risks that traditional insurers are reluctant to insure.