Ports America has administered its own self-insured longshore workers comp and liability exposures for many years, developing a staff of highly experienced claims managers and adjusters throughout the U.S. The claims staff directly administers to all claims for the business.
Exposures to the operating companies are underwritten by Ports America’s captive insurance facility, Ports Insurance Company, Inc., which is licensed by the New Jersey State Insurance Department. Ports Insurance Company, Inc., is authorized by the U.S. Department of Labor to underwrite longshore workers compensation coverage for Ports America and affiliated companies. USL&H is the largest risk transferred into the captive.
The captive also provides “deductible indemnity coverage” for most other insurances, including General Liability, Stevedores/Terminal Operators Liability and Property.