Port Operators Liability

Overview

The insurance offers coverage towards legal liability of the port operators while in course of their operations, to any person or persons (i) for bodily injury including death at any time resulting there from for loss of or (ii) damage to property of others caused by accident occurring during the period mentioned in the Schedule.

Scope of Cover

The policy covers the following risks:

  • Physical Damage – Loss or damage to Port Installations , Infrastructure or any third party property
  • Third Party Liability- arsing out of physical injuries or death attributable to Insured’s operations
  • Wreck Removal – Costs involved in removing wreck arising out of insured’s negligence

Exclusions

  • War & Nuclear Perils
  • Terrorism & Sabotage
  • Confiscation, requisition, detention
  • Wear & Tear, deterioration
  • Error in design, workmanship
  • Mechanical/Electrical Breakdown