Ports Business Interruption
Ports infrastructures are very vulnerable to earthquakes and earthquake related tsunami damage. A properly designed Earthquake Index Insurance cover can make immediate pay outs to recover from the losses
Who Can Benefit
- Shipping Ports
- Docks
- Airports
- Oil Dredging Company
Earthquake
Cyclone
Flood
Sample Policy
Ports infrastructure is vulnerable to earthquakes and related tsunami damage; an earthquake index cover can provide immediate payouts to recover from losses.
Coverage Terms
POLICYHOLDERXYZ Ports Limited
LOCATIONMundra, Gujarat
DATA SOURCEUS Geological Survey Data
PAYOUT BASED ONDistance from epicenter of earthquake
COVERAGE PERIOD1st January to 31st December
MAXIMUM PAYOUT₹ 1,00,00,000
PAYOUT CONDITION
| PGV cm/s | Payout % |
|---|---|
| >= 100cm/s | 100% |
| >= 50cm/s | 75% |
| >= 20cm/s | 50% |
| >= 10cm/s | 20% |
Payout Sheet
For illustration purposes, a sample of one cover is presented below. Generally, covers using multiple indices are offered for comprehensive coverage.
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