Civil liability insurance for warehouses and cargo terminal operators in respect of damage caused by their acts or omissions:

Object of insurance:

• The insurance is designed to protect warehouses and cargo terminal operators from financial consequences related to their professional activities.
• The policy covers civil liability for losses that may be caused to cargo owners, carriers and other third parties.

Risks covered:

• Damage to cargo owners: Compensation for losses resulting from damage, loss or improper storage of cargo held in a warehouse or terminal.
• Damage to carriers: Compensation for losses due to damage to cargo or delays in storage and handling.
• Damages to third parties: Compensation for damage to the property or health of third parties caused by the acts or omissions of warehouse or cargo terminal employees.

Types of acts and omissions:

• Actions: These can be errors in handling, loading or unloading cargo, failure to follow safety procedures, or improper use of equipment.
• Failure to act: Examples include inadequate attention to storage conditions or failure to respond to problems in a timely manner, which may result in damaged or lost shipments.

Examples of situations:

• Errors in cargo handling: For example, damage to or loss of cargo due to improper packing or mislabeling.
• Delays and storage problems: For example, damage to cargo due to late storage or poor storage conditions in a warehouse.
• Damage to third parties: For example, if property damage or injury to third parties occurs due to non-compliance with safety regulations.

Importance of Insurance:

• This type of insurance helps businesses operating warehouses and cargo terminals to minimize financial risks and protect themselves from possible claims and lawsuits related to their professional activities.