Logistics is a business of other people’s goods — moved, handled and stored in enormous volume, on tight margins. When something is lost or damaged in your care, the liability lands on you. Ports and logistics insurance is what stands behind that responsibility.
What ports & logistics insurance is
It is a programme forport and terminal operators, warehouses, freight forwarders and logistics companies, covering cargo and stored goods, handling equipment, and — critically — liability for goods and third parties in the course of operations.
The risks every logistics business should insure
- cargo intransit and storage;
- handling equipment— cranes, reach stackers, forklifts;
- liability for goods in your custody;
- third-party liabilityacross premises and operations; and
- business interruptionfollowing a covered loss.
The main covers
Marine cargo / transit
Goods moving by sea, road, rail or air.
Warehouse / storage
Stored goods against fire, theft, flood and more.
Port equipment
Cranes and handling plant, including machinery breakdown.
Liability suite
Carriers’, forwarders’, terminal and warehouse-keepers’ liability.
Goods in your custody — the core exposure
Ports & cargo accumulation
Ports concentrate huge values in one place, exposed tocatastrophe (cyclone, flood), fire and accumulation risk, alongside high-value handling equipment. Programmes must reflect both the peak values on site and the equipment the operation depends on.
Multimodal alignment
Modern logistics moves goods across sea, road and rail on a single journey. Cover should be structured to follow thatmultimodalmovement without gaps at the hand-off points where responsibility — and risk — transfers.
Who needs it
Ports and terminals, third- and fourth-party logistics providers, freight forwarders, container-freight stations and inland container depots, warehouse operators and shipping lines.
What it does not cover
Typical Exclusions
- •inherent vice and insufficient packing of goods;
- •wear and tear and gradual deterioration;
- •liability assumed beyond your standard trading conditions; and
- •war and strikes, unless bought back.
How Aurevian helps
Aurevian helps youalign liability cover to your trading conditions, insure equipment and stored goods correctly, manage accumulation and catastrophe exposure, and handle claims and recoveries— so other people’s goods in your care never become an uninsured liability.
“In logistics, your biggest asset on any given day may be goods you do not even own — and are fully answerable for.”
