Port Package Insurance

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Port Package Marine Insurance Coverage for Seaports

Port package insurance

As ports and terminals diversify into freight forwarding and logistics, comprehensive corporate risk management services become essential to handle emerging risks. Port authorities and terminal operators face complex operational, commercial, and environmental exposure. These risks range from vessel damage and port blockage to environmental pollution and legal liabilities. Much like a tailored commercial property insurance policy, a port package policy offers specialized protection with flexible and customizable coverages. Key coverage sections include:

  • Property damage

  • Business Interruption.

  • Port and Terminal operators’ Legal liability/ TP liability.

  • Cargo Handling Equipment

  • Port Vessels.
Port machinery and equipment insured under project insurance policy

Who Needs This Insurance?

  • Airfreight handing terminals

  • Automated terminals

  • Bulk liquid terminals

  • Bulk marine terminals

  • Container terminals

  • Marine terminals

  • Port authorities

  • River terminals

Typical Policy Cover

Material damage section provides all-risk property coverage for these items.

  • Loss or damage of cargo under custody

  • Physical loss or damage to own/ leased handling or carrying equipment

  • Port / Terminal property.
Business Interruption

  • Due to Damages under Material Damage section

  • Due to blockage of ports and/or channels
Liability Section

  • Liabilities for loss of, or damage to, cargo, customers' equipment and ships

  • Liabilities arising from errors and omissions including delay and unauthorized delivery

  • Third party liabilities including impact and sudden accidental pollution

  • Fines for regulatory breach such as customs, pollution and safety at work

  • Wreck removal costs

  • Investigation, defense and mitigation costs

  • Disposal costs following an accident

  • Quarantine and disinfection costs/ cleanup cost.