Logistics operators are more and more likely to be drawn into the value-add supply chain providing additional services like labelling, procurement and vendor management.
TT Club offers comprehensive cover for logistics operators covering traditional liabilities and newer risks associated with diversification. Each of our policies is tailor-made to suit the precise needs of the operation and to cover any gaps in other liability cover that you may have in place.
Who we insure
- Air Freight companies
- Freight forwarding companies
- Inland waterway operators
- Parcel carriers
- Railways or freight operators
- Road hauliers
- Tank or container operators
- Trailer operators
- Liabilities for loss of, or damage to, cargo
- Liabilities arising from errors and omissions including delay and unauthorised delivery
- Third party liabilities
- Fines for regulatory breach such as customs, pollution and safety at work
- Investigation, defence and mitigation costs
- Disposal costs following an accident
- Quarantine and disinfection costs
- Business interruption risks
- FMC bonds for NVOCs
- General average and salvage guarantees and contributions
- Loss of or damage to owned or leased equipment
- Property insurance such as buildings and contents, machinery and handling equipment
- Road and rail infrastructure
- Ships' agency liabilities
Transport and logistics operators cover document (272 KB)
North American transport and logistics operator cover document (212 KB)
Initial information request form - transport and logistics operators (224 KB)
Specific information document - transport and logistics operators (168 KB)
Specific information document - tank operators (106 KB)
TT Club Wordings 2021 - Transport and logistics Operators (755 KB)
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This first instance judgment in relation to a charterparty dispute has the potential to spawn a range of liability exposures that could reverberate through the complex network of supply chain contracts. Most particularly the reasoning may expose ports and terminals in non-liner trades.
TT Talk - Crane collisions & allisions
Whether for bulk handling or container operations, the quayside crane is critical for performing ship to shore services. This vital tool is also vulnerable to significant damage when impacted by a ship during berthing. While relatively low frequency, such incidents carry high consequence in direct damage, business disruption and potential for injury.
Analysis of TT Club's claims experience continues to highlight the vulnerability of quay cranes, other handling equipment and containers to major weather related incidents at marine terminals. Despite the large mass, it is not uncommon for these cranes to be blown along the crane rails, potentially into other equipment or toppling over, giving rise to extensive damage.
TT Club has been at the heart of a long-term campaign to increase awareness of good cargo packing practices, both as part of responding to incidents and through speaking at industry events. These efforts are now galvanised in the 'Cargo Integrity Group'.