Cargo Insurance for large businesses
Cargo Insurance
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Product description
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Risks covered
Every client's needs are different. That's why we work closely with risk managers and brokers to offer custom cargo insurance coverage, backed up by market-leading capacity, flexible underwriting, strong financial ratings and fast claims handling.
We have the hands-on experience needed for any type of cargo insurance claim, from simple to complex losses (e.g. general average and piracy).
And our recovery services focus on reducing the financial impact of loss, paying special attention to salvage and subrogation solutions, helping to reduce clients' net losses and lower program costs.
- general cargo and goods in transit
- project cargo (including delay in start-up)
- logistics and security
- packaging
- temperature-sensitive and theft-attractive cargo
- warehouse inspections
- international insurance programs
- captive solutions
- piracy
- difference in conditions and difference in limits (DIC/DIL)
- stock through-put
- freight liability
- cargo consequential loss
- war and strikes (including terrorism)
Risk appetite
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Actively growing
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Coverage
- Complex business that requires local policies, risk controls and tailored underwriting/claims expertise
- Multinational and Captive Programmes
- Appetite for risks in a wide range of industries with a focus on risk managed accounts (e.g. manufacturers, importers/exporters and traders)
- Stockthrouput policies and transit programmes
- Project Cargo incl. Delay in Start-Up
- International Transit, Domestic Transit
- Stock through-put
- Project cargo, Delay in Start-Up
- Tailored coverages with specialized wording linked to industry segments
Top 3 risks in Marine and Shipping in 2024
1. Fire, explosion (34%) - 2023 rank: 1 (29%)
2. Natural catastrophes (30%) - 2023 rank: 4 (23%)
3. Changes in legislation and regulation (23%) - 2023 rank: 2 (25%)