Protecting the industry
Cover Interview
TCM: What is the history of Pound Gates?
DS: In 1988 Allan Pound was an insurance broker at Lloyd’s of London and Ivan Gates was a freight forwarding agent in Felixstowe, UK. Based on a long-standing business friendship they decided to start a new business together, Pound Gates Group, based in Ipswich in the UK. The Group included Pound Gates & Co Ltd, an insurance broker specialising in marine and transit risks. Kevin Collins took over Pound Gates in 2002 and has led the business through a period of significant growth based on a strong focus on its specialisms.
Today, Pound Gates is recognised internationally as insurance experts for the tank container industry, providing certainty in what is a highly specialist area of insurance and risk management.
TCM: What are typical covers for operators and lessors?
DS: Our insurance solution for operators includes:
• Physical loss or damage to tank
containers.
• Liability for general average and
salvage contributions in respect of
insured equipment.
• Liabilities to third parties for the
physical loss and damage of third
party property, for the death, injury
or illness of any third
party; or pollution.
• Fines and other penalties imposed by
an authority resulting from regulatory
breaches relating to the carriage of
cargo, immigration, safety at work and
security.
• Costs including Mitigation,
Investigation and Defence, Disposal
and Quarantine and Fumigation costs.
• Errors and Omissions cover for legal or
contractual liability arising from
documentary issuance and/or
preparation; clerical and/or
documentary procedures; failure
to follow and/or provide instructions;
provision of advice or information;
mis-delivery, wrongful delivery or delay
in delivery of cargo; and declaration or
description of cargo.
Leasing companies can insure for:
• Physical loss or damage to tank
containers while off-lease or on-lease
to lessees - either on a contingent
basis or with full equipment cover if
units are leased under a Damage
Protection Plan (DPP) or similar.
• Liability for general average and
salvage contributions in respect of
insured equipment.
• Liabilities to third parties for the
physical loss and damage of third
party property, for the death, injury or
illness of any third party; or pollution.
• Fines and other penalties imposed by
an authority resulting from a breach of
regulations relating to the carriage of
cargo, immigration, safety at work
and security.
To continue reading this feature please follow the link to subscribe:-
https://www.tankcontainermedia.com/subscribe/
October 28, 2021
Cover Interview
TCM: What is the history of Pound Gates?
DS: In 1988 Allan Pound was an insurance broker at Lloyd’s of London and Ivan Gates was a freight forwarding agent in Felixstowe, UK. Based on a long-standing business friendship they decided to start a new business together, Pound Gates Group, based in Ipswich in the UK. The Group included Pound Gates & Co Ltd, an insurance broker specialising in marine and transit risks. Kevin Collins took over Pound Gates in 2002 and has led the business through a period of significant growth based on a strong focus on its specialisms.
Today, Pound Gates is recognised internationally as insurance experts for the tank container industry, providing certainty in what is a highly specialist area of insurance and risk management.
TCM: What are typical covers for operators and lessors?
DS: Our insurance solution for operators includes:
• Physical loss or damage to tank
containers.
• Liability for general average and
salvage contributions in respect of
insured equipment.
• Liabilities to third parties for the
physical loss and damage of third
party property, for the death, injury
or illness of any third
party; or pollution.
• Fines and other penalties imposed by
an authority resulting from regulatory
breaches relating to the carriage of
cargo, immigration, safety at work and
security.
• Costs including Mitigation,
Investigation and Defence, Disposal
and Quarantine and Fumigation costs.
• Errors and Omissions cover for legal or
contractual liability arising from
documentary issuance and/or
preparation; clerical and/or
documentary procedures; failure
to follow and/or provide instructions;
provision of advice or information;
mis-delivery, wrongful delivery or delay
in delivery of cargo; and declaration or
description of cargo.
Leasing companies can insure for:
• Physical loss or damage to tank
containers while off-lease or on-lease
to lessees - either on a contingent
basis or with full equipment cover if
units are leased under a Damage
Protection Plan (DPP) or similar.
• Liability for general average and
salvage contributions in respect of
insured equipment.
• Liabilities to third parties for the
physical loss and damage of third
party property, for the death, injury or
illness of any third party; or pollution.
• Fines and other penalties imposed by
an authority resulting from a breach of
regulations relating to the carriage of
cargo, immigration, safety at work
and security.
To continue reading this feature please follow the link to subscribe:-
https://www.tankcontainermedia.com/subscribe/
October 28, 2021
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