Port and terminal construction insurance

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Navigating the unique challenges of maritime infrastructure

As the global economy grows, increased trade is driving substantial investment across the ports and terminals sector. From an insurance and risk perspective, each development in this sector is unique, with factors such as scope and location providing an interesting mix of issues that must be understood and carefully managed to achieve desired results.

Insurance for port expansion projects

Two key considerations should be top of mind from the outset of all port and terminal projects:

Greenfield and expansion projects pose different risks. These must be addressed alongside the challenge of understanding and then addressing the risk allocation among stakeholders.
Although port and terminal construction projects are classed as onshore in the insurance market, they’re exposed to a wide variety of wet perils. This can affect which insurers will underwrite these projects, making experience in the space key to eliciting insurer interest and developing an insurance programme.

Why Marsh?

Within Marsh’s Construction practice, we have an experienced team of insurance specialists dedicated to guiding our clients through risk transfer options for their project-related risks. Our specialised knowledge of the insurance markets and project risk allocation helps inform clients throughout the process.

We help clients to make better-informed risk decisions and manage the insurance timeline through the entire lifecycle to aim to avoid surprises and advance your commercial goals.

We advise and arrange insurance programmes for five of the world’s largest shipping companies, including container terminals located throughout the Americas, as well as Africa, Europe, Asia, and the Middle East.

Our experience includes:

Placing construction-related insurance policies for more than 10 port terminals globally in the past three years.
Advising organisations on insurance programmes for new and expansion port projects with total capital expenditures over US$5 billion in the past five years.
Assisting clients in recovering significant claim amounts that allowed for resumption of their projects and completion.