Port Package Policy

Port Package Policies covers all the properties at the Port, Business Interruption following a property damage loss and Liability Exposures of ports and/or terminals worldwide.

The package policy provides coverage for:

Material damage section:
  • Loss of or damage to cargo under the client’s care, custody and control
  • Physical loss or damage to owned or leased handling or carrying equipment such as cranes and forklifts equipment
  • Port or terminal property

The risk coverage is on All Risk basis including but not limited to Fire and Allied Perils, Act of God Perils, Burglary, Electrical and Mechanical Breakdown, Stand Alone Terrorism

Business Interruption Section:
  • Business interruption due damage under the material damage section
  • Includes coverage for blockage of ports and channels
Third Party Liability Section:
  • Third-party liability for property damage, injury, death and or disease
  • Liability arising out of wreck removal, wrongful delivery of cargo, stevedoring
  • Fines and duties, cross liability
  • Professional indemnity for negligent acts or omissions of staff including breach of warranty
  • Liability to authorities including regulatory breaches