It is a broad spectrum cover and offers protection against liabilities to shipping / logistics and transport related companies for which they may be exposed whilst providing the service to their customers and against claim received from third parties. This insurance could be of substantial benefit to,
- Ship or vessel Operators
- Freight Forwarders, Road Transport Operators, NVOC, Railway Operators, Carriers by Air, Warehouse Depot operators
- Ship agents, Brokers and the services associated with shipping transportation
- Terminal Operators, Stevedores Operators, Operators of Container/Trailer, Storage and Repairers
- Port Harbors or Port Authorities
- Owners and/or Consignors and /or Consignees of Cargo
- Container Lessors
A standard marine umbrella cover offers indemnification against loss of and damaged equipments, third party liabilities & liability to customers for loss of and damage to cargo, errors & omissions, liabilities to authorities, fines & penalties and various costs & expenses. However cover may be extended further to include various other risks. |