Product information
Our Marine Ports and Terminals product is a comprehensive package of insurance coverages primarily designed for the owners and operators of ports and terminals involved in the carriage, handling and storage of cargo but also passenger ferries and cruise lines.
The product combines liability, property & equipment and business interruption insurance for Port Authorities, Marine Terminal Operators and Stevedores. Coverage can be extended to include Hull and Machinery for Port Craft such as tugs, pilot boats and workboats.
Our proactive approach to underwriting and understanding our clients’ requirements, coupled with our in-house risk management capabilities, has enabled us to build an extensive portfolio of business consisting of all types and size of operator from all corners of the globe, focused on providing the client with complete service.
Types of business:
Landlord port authorities
Operational port authorities
Stevedores and wharfingers
All types Marine terminals
Legal and contractual liability arising from:
Damage to third party property and bodily injury
Vessel traffic management, navigation and pilotage
Removal of wreck including statutory duty
Advertising liability
Costs and expenses in disposal of cargo
Sudden and accidental pollution
Advice and information
Fines and duties
Fire legal liability
Infringement of personal rights
Costs and expenses to investigate, mitigate and defend claims
Damage to cargo, vessels and equipment including demurrage and consequential losses
Physical damage to property and handling equipment including:
Port infrastructure
Cargo handling equipment
Natural catastrophes
Marine impact
Machinery breakdown
Business interruption, port blockage, increased cost of working and loss of rent
Additional covers which can be considered are:
Hull and machinery/protection and indemnity cover for port craft
Logistics, transport and warehouse operators
Container fleet lessors
Marine professional indemnity
Marine products liability
Line size
50
million EUR & USD
Marine Liabilities
25
million EUR & USD
Property/Handling Equipment/Business Interruption
Territories
Worldwide
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