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Summary
Using our market facilities, and the open market where necessary, we place port risk insurance for all types of vessels whether ‘laid up’ or working within the confines of a port anywhere in the world. Coverage can include movements within the port and in adjacent waters. Our facilities are placed with first-class security in the London Market, and we are able to quickly quote and bind coverage for both direct and reinsurance clients.
Scope
Port risk clauses provide cover for vessels either laid up, under repair or working within port. As well as providing cover for the hull and machinery of the vessel they also give basic protection and indemnity coverage up to an agreed limit of liability, excluding crew and cargo liabilities unless expressly agreed in advance by underwriters.
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