Civil liability insurance for port service providers (stevedores, port terminal operators, warehouse operators and others):

Insured object: This insurance covers civil liability of port service providers for losses caused by their acts or omissions.

Risks covered:

• Damage to cargo owners: If damage or loss occurs to or loss of cargo during the handling, storage or transportation of cargo that is performed by port service providers, the insurance will indemnify the owners of that cargo.
• Damage to carriers: If the acts or omissions of port service providers cause losses to carriers (e.g. due to delays or incorrect handling of cargo), the insurance will cover such losses.
• Damage to other third parties: This includes damage caused to other third parties (e.g. other companies or individuals) that may arise from the acts or omissions of port service providers.

Types of providers that may be insured:

• Stevedores: Companies or individuals engaged in unloading and loading cargo at a port.
• Port terminal operators: Companies operating port terminals that handle and store cargo.
• Warehouse operators: Organizations providing storage and cargo management services in warehouses.

Losses that are covered by insurance:

• Damages related to damage to the life or health of individuals: Compensation for losses due to damage or injury to the health or life of individuals.
• Losses of the cargo owner due to damage to or destruction of cargo: Compensation for losses due to damage to or loss of cargo during loading, unloading or storage.
• Losses of the ship owner due to damage to or destruction of the ship: Compensation for losses due to damage to or destruction of the ship during loading, unloading or when the ship is in the port area. This also includes losses suffered by other cargo carriers as a result of damage to or destruction of their vehicles during loading, unloading or while the vehicles are in the port area.
• Losses due to damage to or destruction of third party property: Compensation for losses caused to property belonging to third parties.
• Losses of third parties due to fault or negligence of port provider's employees: Includes losses resulting from errors or negligence of port service employees.
• Costs of preventing sudden and unexpected environmental pollution: Includes costs of measures to prevent or remedy environmental pollution caused by an incident.
• Costs of lifting wrecks and removing obstructions from waterways: Includes costs of operations to lift wrecks and remove obstructions from waterways.
• Administrative fines and penalties: Fines for violations of customs, immigration, environmental, maritime and other regulatory rules.
• Losses related to infrastructure (real estate) management: Compensation for losses arising from liability for the management and maintenance of infrastructure.
• Losses related to the use of self-propelled and other machinery: Compensation for losses arising from the operation of specialized equipment and machinery.
• Legal and litigation costs: Includes legal and litigation costs.
• Examination costs: Compensation for expenses related to expert appraisals.

What affects the cost of the policy:

• Amount of coverage (limit of liability): The total limit of insurance coverage that determines the maximum amount for which insurance is provided. The higher the limit, the more expensive the policy can be.
• Sublimits for specific types of loss: Additional limits that apply to specific categories of loss, such as damage to a certain type of cargo. The presence of these sub-limits can change the cost of the policy.
• Type of cargo handled and/or stored: For example, crude oil and petroleum products, bulk cargo (grain, fertilizer, etc.). Different types of cargo have different risks that may affect the price of the policy.
• Type, number and capacity of equipment used: Includes cranes, loaders, conveyor lines and other equipment. The specifications and condition of the machinery and infrastructure used also play a role in determining the cost of the policy.
• Types of vessels operated: For example, the different types of vessels and their cargo capacity. Security and fire protection of the area where operations are carried out are also important.
• Company turnover: The total financial volume of a company's business can affect the price of the policy. Companies with high turnover may face greater risks.
• Operational experience: A company's experience in management and operational processes. More experience may reduce the risk and therefore the price of the policy.