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Marsh offers port blockage cover

[ August 22, 2024   //   ]

Insurance broker and risk advisor Marsh – part of Marsh McLennan – has launched a port blockage insurance facility, covering shipping ports and terminals around the world. It can be purchased independently or used to supplement existing cover and is designed to provide clients with cover for loss of revenue caused by third-party accidents such as a vessel sinking in a channel, a vessel impact resulting in a waterway closure, or a natural catastrophe. The facility is backed by a panel of Lloyd’s of London and London market A+ rated insurers, and offers capacity of US$50 million, with higher limits being available on a case-by-case basis.

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