Product Overview
According to data from the United Nations Conference on Trade and Development (UNCTAD), over 80% of world merchandise trade by volume and more than 70% of its value transit is by sea and from ports around the world.
However, the speed of marine cargo development brings with it several risks that put even the most experienced players in the marine sector to the test. Ships and ports that have increased their size to unimaginable proportions amassing higher cargo values that require high underwriting capacities. On top of common marine cargo risks, terrorism, cyber-attacks, and environmental pollution are risks that also must be tackled by the marine transport industry.
Scope of Coverage
Marine Cargo insurance provides protection against physical loss or damage of merchandise and goods during transit, including domestic transportation and temporary storage, if required. Coverage may vary by the type of good transported and based on the expectations of each Insured.
The coverage is extended:
- Clause A
- Clause B
- Clause C
- Aerial Clause
- War Clause
- Strike Clause
- Refrigeration Clause
What sets us apart
What sets us apart?
- A highly experienced underwriting team with a deep understanding of the region.
- Creative, flexible, and innovative underwriting risk programs
- Simple and clear answers to any risk analysis inquiries
- Claims handling by highly experienced claims specialists
- The financial stability and strength of Liberty Mutual Insurance
