We are the international transport and logistics industry's leading provider of insurance and related risk management services. Established in 1968 as a mutual association, TT Club specialises in the insurance of liabilities, property and equipment for intermodal operators. Customers are drawn from a wide range of the world's shipping lines, port authorities, cargo and passenger handling terminals, freight forwarders and logistics companies.
Having developed in step with the multi-modal industry, TT is recognised as an independent industry forum, liaising closely with national and international trade associations including FIATA, IAPH, WSC, ESPO, EIA, ILO, ICHCA and the IMO.
With so many different categories of customer around the world we work closely with brokers to tailor insurance packages that meet individual needs. Members and brokers benefit from:
- Market leading insurance products
- Consistently high service levels (independently monitored at eight+ on a scale of one to ten)
- Highly specialised and knowledgeable staff
- Financial stability backed by an AM Best A- (excellent) rating
- A powerful brand and media image
Since our inception customer loyalty has been an essential factor in our growth and 90+% of members stay with the club at renewal each year. We have offices in 20 locations servicing our 800 member companies that span every continent.
Why choose TT Club?
As a mutual association, TT is owned by its insureds (members) and is non-profit making. This means not only that members decide how the club is run, but also that all the funds of the club are used for the benefit of the members. Income is derived from premiums and earnings on invested funds and outgoings are limited to claims payments, management expenses and reinsurance costs.
A particular advantage of the mutual structure is that, in addition to the cover specified in a policy certificate, the board has the discretion to reimburse a claim arising from an operational activity that is not expressly covered by a member's insurance policy.
Customers benefit from:
- Insurance products tailored to specific requirements
- A proactive broker interface managed through our underwriting team in key global locations
- A philosophy based upon settling claims as efficiently as possible
- Personalised service – a claims executive and an underwriter are allocated to each customer
- Acknowledged expertise in risk management and loss prevention
Our insurance is designed specifically for operators within the global transport and logistics industry and is also designed to function alongside other insurances, such as shipowners' P&I cover. Other categories of cover include costs, fines and general average and salvage where appropriate.
The breadth of cover can extend to legal liabilities whether arising under contract, national law or international conventions. In addition to these liabilities, club insurance includes damage to equipment, errors and omissions, third-party liabilities (including bodily injury and pollution), costs and liability for fines or other penalties imposed by an authority.
Property and equipment insurance
We also insure risks arising from loss or damage to owned or leased equipment wherever it is located, thus protecting capital investments against accidental or weather damage, machine breakdown and increased costs of working following an accident.
Examples of the types of equipment covered include straddle carriers, containers, portainers, cranes, forklift trucks, rail and road infrastructure, locomotives and rolling stock, tractor units, chassis/trailers and contents.