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This policy secures you against legal and/or contractual liabilities to third parties which the insured may incur by reason of their operations as port authorities or terminal operators.
About the Policy
This policy secures you against legal and/or contractual liabilities to third parties which the insured may incur by reason of their operations as port authorities or terminal operators.
Important details
Features
The policy indemnifies the insured against:
Bodily injury to any third party provided such bodily injury directly results from an operation performed by the insured within the confines of the port or terminal.
Any liability of the insured in connection with any tenant of the insured for operations performed by any subcontractor appointed by the insured.
Legal costs and expenses subject to policy terms & conditions.
Advice and information cover for loss of income to any individual or organization by whom the insured is engaged for the supply of advice or information on the management of port or terminal operations subject to policy terms and conditions.
Physical loss or physical damage to the real or personal property of any third party, including resultant loss of use.
Exclusions
Loss, damage and/or expense to any property or equipment owned, leased, hired, occupied or rented by the insured.
Loss, damage and/or expense caused by wear, tear or gradual deterioration.
Release of cargo without the original bill of lading, unless otherwise endorsed by underwriters.
Accident involving a vehicle, chassis, trailer, conveyance or the like on public roads and/or outside the confines of the port or terminal.
