Transport and Logistics Prospectus - TT Club
Transport and Logistics Prospectus - TT Club
Transport and Logistics Prospectus - TT Club
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<strong>Transport</strong> & <strong>Logistics</strong> Operator CoverLiability, equipment <strong>and</strong> propertyinsurance for transport <strong>and</strong>logistics operatorstransport insurance plus
<strong>TT</strong> <strong>Club</strong> Mutual Insurance Limited<strong>Transport</strong> & <strong>Logistics</strong> Operator CoverThe role of the transport operator has evolved overthe years to include companies that operate freight<strong>and</strong> logistics services across all modes of transport.This encompasses freight forwarders, railway orstack train operators, NVOCs, inl<strong>and</strong> waterwayoperators, trailer operators, parcel carriers, tankor container operators, air freight companies, roadhauliers <strong>and</strong> warehouse/depot businesses <strong>and</strong>logistics operators such as 3PL <strong>and</strong> 4PL providers.Today’s complex supply chain dem<strong>and</strong>s morevalue-added functions including labelling,procurement, vendor management, sub-assembly,<strong>and</strong> merge-in-transit. Consequently, operators areexposed to ever greater risks as they are askedto accept more onerous liabilities, such as full-valuecontracts. To cope with this diverse combinationof risks, <strong>TT</strong> <strong>Club</strong> has created a comprehensivepackage of insurance protection, reducing gaps<strong>and</strong> overlaps in cover <strong>and</strong> minimising the needto buy separate insurances.St<strong>and</strong>ard insurance cover includes:• Liabilities for loss of or damage tocargo/customers goods• Liabilities for errors <strong>and</strong> omissions• Third party liabilities including bodily injury<strong>and</strong> pollution• Fines for breach of customs, immigration,pollution, safety, security <strong>and</strong> anti-terrorismregulations• Costs including misdirection, investigation,defence, disposal <strong>and</strong> mitigation costs• Quarantine <strong>and</strong> disinfection costs• Liabilities for “supply chain” operations,for example: assembly, order picking,processing <strong>and</strong> procuring, quality <strong>and</strong> stockcontrol, reverse logisticsProperty insurance cover includes:• Buildings <strong>and</strong> contents• Docks, wharves, berths, quays <strong>and</strong> jettiesMachinery• H<strong>and</strong>ling equipment, for example, carryingequipment, containers, trailers <strong>and</strong> chassis.• Rail <strong>and</strong> road infrastructure• Business interruption risks• Contents• Fire <strong>and</strong> tenants legal liabilityAdditional insurance may include:• Infringement of personal rights• Per diem tank container costs• Liabilities for advice <strong>and</strong> informationTo access our network <strong>and</strong> benefit from our tailoredproducts <strong>and</strong> personalised claims h<strong>and</strong>ling serviceplease contact your insurance broker or for furtheradvice contact one of the network offices below:LondonT +44 (0)20 7204 2626F +44 (0)20 7549 4242New JerseyT +1 201 557 7300F +1 201 946 1194SingaporeT +65 6323 6577F +65 6323 6277Hong KongT +852 2832 9301F +852 2574 5025In the United States <strong>TT</strong> <strong>Club</strong> Mutual Insurance Ltd. Is approved as asurplus lines insurer in most states <strong>and</strong> is accessible through properlylicensed surplus lines brokers.www.ttclub.comTO0309
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