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Summary
The marine division works with several markets that offer a comprehensive package policy to cover all the property and liability exposures of ports and/or terminals worldwide. Policies can be written as direct insurance or reinsurance.
Scope
The package policy provides coverage for:
Loss of or damage to cargo under the clients care, custody and control
Physical loss or damage to owned or leased handling or carrying equipment such as cranes and fork lifts equipment
Port or terminal property
Business interruption including blockage of ports and channels
Third-party liability for property damage, injury, death and or disease
Professional indemnity for negligent acts or omissions of staff including breach of warranty
Liability to authorities including regulatory breaches
Terrorism
Cover for hull and machinery and protection and indemnity for owned or chartered craft working within the port or terminal limits can also be included if required
Brokers