Polysilazane-based double layer composite coatings consisting of a polymer-derived ceramic (PDC) bond-coat and a PDC top-coat that contains ceramic passive and glass fillers were developed. To investigate the environmental protection ability of the prepared coatings, quasi-dynamic corrosion tests under hydrothermal conditions were conducted at 200 °C for 48–192 h. The tested PDC coatings exhibited significant mass loss of up to 2.25 mg/cm2 after 192 h of corrosion tests, which was attributed to the leaching of elements from the PDC coatings to the corrosion medium. Analysis of corrosion solutions by inductively coupled plasma optical emission spectrometry (ICP-OES) confirmed the presence of Ba, Al, Si, Y, Zr, and Cr, the main component of the steel substrate, in the corrosion medium. Scanning electron microscopy (SEM) of the corroded surfaces revealed randomly distributed globular crystallites approximately 3.5 µm in diameter. Energy-dispersive X-ray spectroscopy (EDXS) of the precipitates showed the presence of Ba, Al, Si, and O. The predominant phases detected after corrosion tests by X-ray powder diffraction analysis (XRD) were monoclinic and cubic ZrO2, originating from the used passive fillers. In addition, the crystalline phase of BaAl2Si2O8 was also identified, which is in accordance with the results of EDXS analysis of the precipitates formed on the coating surface.