Cargo insurance is designed to provide protection against all risks of physical loss or damage from any external cause to goods while in the course of transit.
A cargo shipment needs to arrive safely: loss or damage caused in transit has the potential to impose great financial loss on a cargo owner.
Cargo insurance possesses a range of benefits for your customers, including providing them with a value-added service and a cost-effective way of protecting cargo. It offers protection to customers while helping protect their financial interests and reduces the cost of handling claims under your legal liability policy.
All risks cargo insurance is one of the broadest forms of coverage available for the full exposure and the full value of the cargo. The coverage provides protection from “warehouse to warehouse,” irrespective of the number of subcontractors involved and includes natural disasters, terrorism, strikes, riots, and civil commotion risks.
Marsh’s dedicated Cargo Practice can help to simplify the process, making it easy, effective, and efficient to secure and manage your cargo insurance needs.