Ports & Terminals
Backed by up to USD 10 million in capacity through Lloyd's of London, this specialized solution for port and terminal operators can address property, cargo-handling, equipment, business interruption, and legal liability exposures arising from complex marine operations.
KEY BENEFACTORS
- Third Party Liability: all risks coverage, includes injury or damage to third parties and property, including sudden and accidental pollution, fines, and duties, delay and wrongful delivery. More extensions available.
- Property and Handling Equipment: physical loss or damage, including vessel impact, natural catastrophes, fire, machinery breakdown, among others.
- Business Interruption: arising from loss or damage to property or handling equipment or from port blockage.
MAXIMUM CAPACITY
- USD 6m Liabilities
- USD 6m Property/Equipment/Business Interruption
TARGET CLIENTS
- Terminal Operators
- Port Authorities
- Stevedore and Wharfingers
- Housekeeping and Security Companies
- Other companies operating inside port facilities
SUBMISSION REQUIREMENTS
- Questionnaire including revenues and cargo handling values and description
- Statement of Values including COPE (Property and Handling Equipment)
- 5 Years Loss History