Port Package Insurance Policy provides comprehensive protection for port and terminal operations worldwide, covering property assets, business interruption exposures, and third-party liabilities under a single integrated policy.

This package policy is designed to address the complex and high-risk environment of ports and terminals, offering broad coverage across material damage, business interruption, and liability sections.

Material Damage Section

The policy provides coverage for:

• Loss of or damage to cargo under the insured’s care, custody, and control

• Physical loss or damage to owned or leased handling and carrying equipment such as cranes, forklifts, and other port machinery

• Port or terminal property, including infrastructure and facilities

Coverage is provided on an All Risks basis, including but not limited to Fire and Allied Perils, Acts of God, Burglary, Electrical and Mechanical Breakdown, and Stand-Alone Terrorism.

Business Interruption Section

• Covers loss of income and increased cost of working resulting from insured material damage

• Includes coverage for blockage of ports and channels, subject to policy terms

Third-Party Liability Section

Provides protection against legal liabilities arising from port and terminal operations, including:

• Third-party property damage, bodily injury, death, or disease

• Liability arising from wreck removal, wrongful delivery of cargo, and stevedoring operations

• Fines and duties, including cross liability

• Professional indemnity for negligent acts or omissions by staff, including breach of warranty

• Liability to regulatory and statutory authorities, including penalties arising from compliance breaches

This comprehensive package ensures seamless risk protection for port and terminal operators, enabling uninterrupted operations and financial stability in a high-exposure environment.