Complex sentence: Existing hull insurance policies included damages to the insured ship and liability for the damages it had caused, while the maximum amount shipowners could recover after collisions was the ship's insured value, injured crew members might seek compensation from their employers.
Split into simpler sentences: Existing hull insurance policies included damages to the insured ship and liability for the damages it had caused, while the maximum amount shipowners could recover after collisions was the ship's insured value. Also, injured crew members might seek compensation from their employers.