IGI’s Ports & Terminals underwriters are recognised global leaders in this niche market. The team has a wealth of experience in the particular risks faced by port operators, as well as companies involved in the shipping and freight industries.
This class of insurance demands expert knowledge, fresh insight and strong partnership with clients. We offer products that cater for the sophisticated and technical needs of the ports and terminals industry, and can tailor policies to meet the individual needs of the client.
Worldwide Geographical spread
$25m CAPACITY
CAPACITY
IGI has a lead capability with a maximum line of $25 million for any one interest for liabilities, plus $25 million for Property, Handling Equipment, Business Interruption and Port Craft.
COVERAGES
Coverages include but are not limited to:
Third party liabilities
Liability for loss of or damage to cargo in the client’s care, custody and control
Professional liability for negligent acts or omissions
Liabilities to authorities for regulatory breaches
Cover can be extended (as part of a package) to include:
Handling equipment (both owned and leased)
Port property
Business interruption
Port craft
SUBCLASSES
Major subclasses include but not limited to:
- Port authorities
- Terminal operators
- Stevedores
- Warehouse and depot operators
- Freight forwarders
- NVOCCs
- Ship managers
- Ship agents
- Ship brokers