Stevedores Liability Insurance

Your insurance policy provides coverage for liabilities arising from your stevedoring operations, including:

• Cargo Issues: Coverage extends to incidents involving lost, damaged, misdirected, delayed, or wrongfully delivered cargo.

• Vessel Damage: Protection is in place for instances of ships being lost or damaged during your operations.

• Third-Party Property: Liabilities related to damage to third-party property are covered.

• Loss of Life or Injury: Coverage includes situations resulting in loss of life or bodily injury.

These coverages are essential to safeguard your operations and mitigate potential financial risks in the course of your stevedoring activities.

Key Coverage under Stevedores' Liability Insurance

Your insurance includes coverage for:

• Worker's Compensation: Workplace injury coverage.

• Property: Owned, leased, or used property protection.

• Vessel Maintenance: Liabilities related to vessel maintenance.

• Hot Work: Coverage for activities like welding.

• Scrap Operations: Protection during scrap operations.

• Equipment Use: Loading/unloading equipment coverage.

• Vehicle Use: Use of licensed/unregistered vehicles.

• Pollution: Protection against pollution liabilities.

• Penalty Payments: Coverage for penalty clauses, detention, or demurrage.

• Exemplary Damages: Protection against punitive damages.

In maritime insurance, the "Pollution Inclusion Endorsement" extends coverage to pollution-related risks, such as oil spills, cargo contamination, legal liabilities, and regulatory fines.

Process:

• Contact your insurer to request the endorsement.

• Provide operational details and assess terms, limits, and premiums.

• Ensure the endorsement aligns with your risk management and regulatory needs.

This endorsement is vital for managing pollution risks in maritime logistics, offering financial protection and regulatory compliance.

This is based on your gross charges for the period of insurance, the limit of liability, the type of cargo handled, vessel characteristics, the number of employees and your contractual arrangements with your principals. A minimum and deposit premium is calculated on your estimated gross charges. This is adjustable on expiry of the policy period on receipt of your certified actual gross charges if these are higher than estimated:

• Gross Charges: Your premium is based on your business scale during the policy period.

• Liability Limit: Higher limits lead to higher premiums for broader coverage.

• Cargo Type: Premium varies based on the cargo you handle.

• Vessel Characteristics: Vessel details impact premium calculation.

• Employees: Workforce size affects premiums.

• Contracts: Agreements with principals are considered.

Our experienced claims team ensures a smooth maritime insurance claims process:

• Policy Deductible: Know your deductible before coverage begins.

• Swift Processing: We prioritize quick claims handling.

• Agreed Limit: Stay within your policy's limit to avoid uncovered expenses.

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Claim Settlement Process:

• Notify Us: Report incidents promptly with required documents.

• Review and Assessment: We assess claims and verify documentation.

• Deductible Deduction: If applicable, deduct the deductible.

• Prompt Payment: We pay covered legal liability and costs swiftly.

• Policy Document: The complete details of your insurance coverage are found in the policy document.

• Limitations and Exclusions: Specific situations or incidents not covered by the policy are clearly outlined in the document.

• Conditions: Compliance with conditions specified in the policy is crucial for claim validity.

• Legal Contract: The policy serves as a legally binding contract, defining rights and responsibilities for both you and the insurer.

• Expert Review: Consider consulting an insurance expert or legal advisor to fully understand your coverage's complexities.

In summary, refer to the policy document for comprehensive coverage details, and ensure compliance with conditions. Seek expert guidance if needed to navigate the intricacies of your insurance agreement effectively.