Ports Insurance

Synopsis

Port Operators hold a unique position in the global logistics chain and offer a combination of both landlord and operational services. With the diverse services they provide, port operators are exposed to several risks.

Class of Business

Ports Insurance is a highly technical class of business. The J.B.Boda Group’s team of professionals are specialised to offer risk advisory and broking services to port owners and terminal operators.

Our experience lies with assets owned by ports and liabilities arising from services they provide. We also handle terminal operators who operate marine operations like stevedoring of vessels, storage of cargo, stuffing & unstuffing of containers, and mooring of vessels.

Services

We broadly cover port package policies designed to provide comprehensive insurance and risk management solutions for the port operators, comprising a broad scope of insurance cover.
We offer tailor-made solutions and specific risk management services for:

• Physical damage to assets, port vessels / floating objects, cargo handling equipment, container
• Liabilities arising from services provided
  • Liabilities to third party personal injuries & property damage, dropping of containers, damage by handling equipment
  • Wreck removal
• Optional extensions including terrorism extension under property section, earthquake (excluded under ITC hull – port risks), port blockage, and errors & omissions.
• Business Interruption
• Re-dredging

Claims / Servicing:

Our Claims professionals provide service in drafting the correct policy of insurance to secure the claims under the policy and render technical support, representing clients’ interests. We assist the client to follow up on claims with appointed surveyors and insurers for timely settlement.

Contact

For further inquiries kindly contact us at prakash.b@jbbodamail.com