PRIMARY LAYER LOSS OF EARNINGS FOR OWNERS
Cover for shipowners’ losses due to delays arising from specific named perils.
Solution for loss of earnings excluded under mainstream H&M and P&I. At primary layer level – i.e.: first 14 days Fixed premium.
Mainstream H&M and P&I insurances both exclude the loss of earnings following a covered event. Primary Layer Loss of Earnings Insurance provides a “buy back” option for H&M / P&I Exclusions’ for the unavoidable losses suffered during the initial 14 days’ delay.