The policy covers legal liabilities arising out of:
Physical loss or damage to cargo while in the care, custody, and control of the insured, or a party who has contracted or sub-contracted to provide transport services.
Physical Loss or damage to vessel or equipment owned or operated by a subcontractor or customer.
Consequential loss and/or business interruption resulting from 1 above.
Unrecoverable cargo's contribution to general average.
Fines and Duty.
The Errors and Omissions extension would cover legal liability arising out of the operations of the insured following a negligent act, error or omission by the insured, his agent or sub contractor.
The Third-Party Liability extension would cover physical loss or damage to property, bodily death or injury or illness and legally recoverable consequential loss arising out of the operations of the insured.
