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Project cargo insurance facility

An insurance solution for small to medium-sized project cargo and marine delay in start-up risks.
Contact us to learn more about our project cargo solutions

Global construction is expected to grow in the next 12 months, with exciting and innovative projects planned.

When developing new projects, stakeholders such as owners, contractors, banks, investors, and lenders want to safeguard their investment against increased project costs or the financial consequences of a delay in completion caused by a loss, damage, or delivery delay of project critical components.

Unique insurance coverage 

Marsh’s Project Cargo Facility provides coverage for physical loss or damage to goods in transit on an “all risks” basis, using the Institute Cargo Clauses (A), and includes insurance coverage for war and strikes risks.

Various measures of indemnity options are available for marine delay in start-up indemnity/consequential loss coverage, for example loss of gross profit or debt service or fixed costs and the associated increased costs of working.

Both the physical loss or damage and the delay in start-up/consequential loss sections of the insurance can be customised to meet each project’s individual requirements. 

Key benefits

Combined limit

A combined limit for physical loss or damage and marine delay in start-up of up to US$200 million.

Coverage

Coverage for projects up to a maximum build time of 48 months.

Quote terms

100% supported quote terms and ability to bind cover from two lead of three insurers.

Claims

Efficient claims service and timely claims payment process.

Why Marsh

Project cargo needs to handle the challenges of large limits, long policy periods and, where delay in start-up is included, complex financial models.

Marsh’s dedicated project cargo team use their experience to tackle these challenges using strategic information gathering and careful selection of lead insurers with project cargo expertise. 

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