Chesterfield Canada to offer port and terminal insurance

Chesterfield Canada Inc. has announced the release of Lloyd’s capacity for coverage of ports and terminals across Canada. Chesterfield will offer coverage for the assets of ports and terminals, both for ocean marine and brown water operations. While capacity is offered with Lloyd’s syndicates, Chesterfield may write a primary layer, “allowing brokers to look at cheaper excess protections in the Canadian market,” a Chesterfied release says. Coverages include: • physical loss or damage;• business interruption/increased cost of working;• machinery breakdown;• incidental construction;• incidental transport and transit;• vessel impact;• port and berth blockage; and• various port and terminal operational covers.