Marine: Ports and Terminals Insurance
From the largest port or global terminal operator to a small cargo handling facility, Travelers’ Ports and Terminals team is a leading provider of specialist cover in the Lloyd’s market with a reputation for creative and customised solutions and claims expertise.
Our underwriting team has many years’ experience and a high degree of industry knowledge that allows them to assess and provide bespoke insurance solutions. Our proactive approach to underwriting and understanding of our clients’ requirements has enabled us to build an extensive portfolio of business consisting of all types and size of operator from all corners of the globe.
Being the interface between the land and sea, port and terminal operators require a unique and specialised product which includes the covers traditionally found separately under marine and non-marine policies.
Product Information
- Landlord port authorities
- Operational port authorities
- Stevedores and wharfingers
- Inland clearance depots
- Container freight stations
- Container storage depots
- Marine terminals of all types including:
- Container terminals
- Break bulk terminals
- Wet bulk terminals
- Dry bulk terminals
- Ro Ro terminals
- Passenger terminals
- Car terminals
- Ferry terminals
- River terminals
- Barge terminals
- Legal and contractual liability arising from:
- Damage to cargo, vessels and equipment including demurrage and consequential losses
- Damage to third party property and bodily injury
- Removal of wreck including statutory duty
Costs and expenses in disposal of cargo - Vessel traffic management, navigation and pilotage
- Sudden and accidental pollution
- Advice and information
- Fines and duties
- Fire legal liability
- Infringement of personal rights
- Advertising liability
- Costs and expenses to investigate, mitigate and defend claims
- 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:
- Container fleet lessors
- Logistics, transport and warehouse operators
- Hull and machinery / protection and indemnity cover for port craft
- Marine professional indemnity
- Marine products liability
- USD 25,000,000 Property/Equipment/Business Interruption
- USD 25,000,000 Liabilities
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