This insurance covers the risks posed by operations carried out in port areas or in port facilities.

As mentioned in our previous post on liability insurance, this type of insurance is intended to cover losses arising from third party property damage, bodily injury or moral damage.

There are specific forms of liability insurance, like for instance Port Operator Liability. The port operator is the legal entity whose responsibilities involve moving, receiving and warehousing at the marine facilities of the port of incoming/outgoing cargo.

The port operator is the port trustee, i.e., the party that handles the loading and unloading operations, and has one of the greatest risk concentrations in the port facilities: electrical breakdown, flooding, fire and other accidents as may occur with innumerable cargoes and third parties who daily enter and leave the port facilities.

Because of the large number of duties and responsibilities involved, Liability insurance is crucial and mandatory for execution of the mentioned operations.

Count on CredRisk Marine for solutions! We have Liability insurance solutions and Cargo Transportation insurance solutions. Furthermore, we count on strategic partners in the major insurers in the country. Get a quotation!