You know what it looks like… but what is it called?
TAKE THE QUIZ“protection and indemnity”
We have one entry that includes the term protection and indemnity.
protection and indemnity insurance
noun: insurance for ship owners against loss due to legal liability arising from damage to cargo, injury to passengers and crew, and other legal liabilities not assumed under the regular forms of hull insurance
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Merriam-Webster unabridged