If a company purchases a group license insurance policy for its officers, would there be any overlap with the vessel owner’s P&I policy?

This depends solely on the circumstances surrounding a specific claim, and we will work closely with the company’s risk management team to ensure cooperation and alignment in all aspects of the claim response. That said, a program structure that is frequently purchased by companies for their officers provides the following two coverages only: Section A: License Protection & Defense and Section E: Loss of Income. This structure limits coverage under the license insurance policy to defense of the officer’s U.S. Coast Guard license only (and any loss of income) and thus avoids any overlap with a company’s potential third-party liability defense that would be addressed by their P&I policy.