Transport & Logistics

Transport & Logistics

Adapt quickly to

changing conditions

Adapt quickly to

changing conditions

Remove the uncertainty

The role of transport operators has evolved to include freight forwarders and a range of logistics services exposing operators to ever greater risks as they accept more onerous liabilities.

The role of transport operators has evolved to include freight forwarders and a range of logistics services exposing operators to ever greater risks as they accept more onerous liabilities.

Remove the uncertainty

Navigating the changing risk landscape

Transport and logistics industries are not exempt from today’s unprecedented levels of global uncertainty. Increasing environmental standards and industry regulation, coupled with technological advances are accelerating the velocity and convergence of risk. Novel and unexpected risks such as pandemics, supply chain shocks, cyber threats, and backlogs caused by delays worldwide add to the disruption faced by transport and logistics companies.

This changing global landscape necessitates swift adaptation by ship owners and operators, managers of ports and terminals, and cargo and logistics service organisations. These businesses also must contend with insurance markets’ sharp reaction to losses, which is driving price, reducing cover, and making claims settlement more complicated.

With the right guidance, insurance programs, and risk mitigation strategies, transport and logistics companies can navigate the changing risk landscape to minimise losses and liabilities.

HDL’s in-depth experience working with container terminals, ports, stevedores, rail and intermodal freight organisations, allows us to adapt quickly to dynamic industry conditions with the experience and market presence to solve almost any risk problem facing your organisation.

Protection you need

HDL provides risk and insurance solutions for companies operating in all areas of the transport and logistics industry, including covers for:

  • Cargo handling facilities, tailored insurance for airfreight terminals, bulk handling terminals, storage depots and warehouses and marine terminals.
  • Freight forwarders, cargo insurance for shippers of cargo internationally by all modes of transport.
  • Ports and terminals, tailored protection for traditional liability risks as well as commercial and environmental risks faced by ports and terminals.
  • Container insurance for ship operators, providing equipment and liability cover to ship owners, charterers and combined transport operations.
  • Transport and logistics operators, coverage for airfreight companies, freight forwarders, road carriers, tank and container operators and NVOCs, railways and freight operators.

HDL, the right partner for you.

Seek advice from HDL

During the pandemic, supply chains have experienced unprecedented disruptions. In some cases, goods have been stockpiled at ports, terminals, and elsewhere, unable to be shipped. In other instances, manufacturers are producing fewer goods as they face their own difficulties. Additionally, some facilities are unable to operate efficiently due to workforce reductions necessitated by national and/or regional lockdowns, or due to illness within the workforce.

Insurance concerns, including coverage limitations, quickly enter the spotlight. The volume and value of goods slowly stockpiling under the care, custody, and control of a terminal can increase exponentially. Careful monitoring of insurance policy limits, whether based on location, value, or volume, needs to be regularly undertaken to ensure that the limits on aggregated values are not exceeded.

Consideration of suitable storage facilities also emerge with the potential for claims from the owners of the goods should they be lost, damaged, or stolen while under the care, custody, or control of the port or terminal.

Other potential liabilities for ports and terminals may arise from not providing contractually agreed levels of service. Contractual liabilities may extend beyond ports and terminals to the owners of goods that are held for excessive periods of time in the port. Vessel and truck operators could also face liability issues if they are unable to enter ports in a timely fashion to discharge/load goods.

The role of transport operators has evolved to include freight forwarders and a range of logistics services. 

Today’s complex supply chain requires an increasing number of value-added functions such as labelling, procurement and vendor management, exposing operators to ever greater risks as they accept more onerous liabilities. To cope with this diverse combination of risks a comprehensive package of insurance protection is required.  Typical cover includes:

  • 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

Additional covers may include equipment and property (such as buildings, docks and wharfs, berths, quays and jetties, and dolphins) machinery, handling equipment, locomotives and rolling stock, rail and road infrastructure, contents, business interruption, ships agency liabilities, liability as a supplier of advice and information, and hull and P&I risks.

Complimentary Review

Complimentary Review

Securing optimal insurance protection is becoming more challenging.

Having a fresh set of eyes can make a dramatic difference.  HDL welcomes the opportunity to evaluate and challenge your current risk and insurance program in a confidential manner that avoids disrupting existing relationships.

Insurance Broker

Our Global Insurance Network

Over 150 Insurers across the globe.

Our Global Insurance Network

Over 150 Insurers across the globe.