Ports & Terminals
Ports and terminals are becoming increasingly sophisticated intermodal hubs with a unique set of challenges. Liability insurance covers wide list of risks that accompany storage and transshipment of goods, maintenance and operation of vessels, vehicles and railway infrastructure.
Basic cover:
- liability for loss or damage to cargo and property of customers, including vessels damage;
- liability for errors and omissions (including delays in ship handling and incorrect dispatch of cargoes);
- liability to third parties;
- fines for violation of customs and environmental laws, labor safety conditions, etc., including the risk of confiscation of insured equipment or cargo;
- expenses for the removal of the remains of sunken ships in the port water area;
- expenses for the investigation of the circumstances of the incident, legal protection and minimization of losses;
- quarantine and disinfection costs.
Additionally, it is possible to insure port property and business interruption, cargo handling equipment and various port mechanisms, rolling stock and railway infrastructure, Hull & Machinnery and Protection & Indemnity for the port fleet.