We specialize in customizable cargo insurance. Our team understands the challenges you can face across the breadth of your supply chain. Our innovative solutions remove the challenges of managing multiple rates, coverages, and liability limitations found throughout the industry, offering you the coverage you truly need.
We ask the right questions, so no detail is overlooked when assessing your coverage needs.
We proactively plan and minimize the impact of potential losses.
Our personalized approach is aligned with your shipment’s true value, and your company’s business realities.
Making peace of mind a top priority.
What is cargo insurance?
Cargo insurance covers against the physical loss or damage of goods transported by aircraft, ship, road, rail, mail, or any other means. It provides protection to those who have an insurable and/or financial interest in the cargo.
What does “general average” mean?
When a ship or its cargo is voluntarily sacrificed to protect the rest of the ship and cargo, it results in a loss known as general average. When this happens, the ship owner and all cargo stakeholders share the costs associated with the loss on a pro-rata basis. These losses can be substantial and may necessitate letters of guarantee from underwriters to release the cargo.
I’ve never had to make a claim, so why would I need cargo insurance?
No one can predict the future. Cargo insurance provides coverage for unforeseen or unavoidable events. Even if you’ve never faced a disruption in your supply chain, not taking steps to reduce risks can be damaging and expensive for your business. It’s wise to prepare for potential scenarios and plan for the unexpected.
What should I do if I have to make a cargo claim?
Contact one of our dedicated claims specialists. They’ll help you manage the entire claims process. Also, report the loss to the carrier in writing, advising them that you intend to submit a claim for the loss.
What happens if I choose to under-value my goods to save on insurance costs?
It’s important to declare the correct value of a shipment for insurance purposes. This should include all costs associated with getting the goods to their final destination. If a loss occurs and the amount declared is found to be less than the true value, the claim settlement may be pro-rated to a lesser amount.