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With insurer expertise in-house, we can work with you to understand your business and tailor the policy to suit your commercial needs. Whether you ship CIF, FOB or Ex. Works, and whether you send by land, air or sea, we can get your cover set up swiftly.

Whether you are a business involved in the importing, exporting or UK sending of goods or an individual sending a piece of artwork to a gallery, you need to have the correct Cargo Insurance in place.

This policy will give you full cover for your goods in the event of a loss, whether transported by road, sea, air or rail and can be set up on an annual basis or for a one of movement depending on your needs.

Check out our real life Cargo Case Studies

FULL VALUE COVER

Cargo Insurance gives you full “All Risks” cover for the goods, as opposed to relying on the carrier’s insurance which may be for a restricted financial liability (e.g. RHA £1,00 per tonne) and only covers the Carriers legal liability, for example damage they are liable for and not acts of God.

Why have cargo insurance?

Sales contracts may obligate you to have cargo insurance in effect. Failure to comply may result in loss of sales or legal issues.

In the event of a disaster i.e. sunken vessel or fire on board, general average may be declared. What this means for the owners of the cargo is that a proportional value of the cargo damaged must be paid by all cargo owners, essentially spreading the cost.

Cargo insurance tends to pay out swiftly, where Freight policies can take a while to establish, allowing your business to continue to operate. by having insurance in place, you insurers will also help in the event of of a loss with advice, legal expenses, etc.

Arranging the insurance yourself allows you to make sure correct cover is in place without relying on another party to ensure the correct valuation, terms and limits are in place. It allows you to have full control over the costings.

Amazing benefits with us

We understand how important it is if your business cannot operate and our policies make sure all the vital elements for your marine cargo insurance are covered.

Comprehensive cover

Full value coverage for annual and single imports, exports and domestic movements

All modes of transport

Including road, rail, air – whether third party or your own company vehicles used.

Extra cover to suit your needs

Exhibition risks &/or tools and samples can be included where required.

Dedicated service

Access to your in-house, specialist Account Handler for any queries or policy alterations.

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Case studies

Case Study #1

Fire Destroys Onboard Cargo

A large clothing company shipped a container to Italy. A fire broker out on deck and spread, destroying the cargo along with the vessel. The Insured claims a total loss of £1,300,000 for the loss which was paid in full by the Cargo Insurers.  Losses to then be recovered against the vessel owners.

Case Study #2

Illegal Immigrants Contaminate Load

Fifteen illegal immigrants were discovered “covered in cocoa powder” in the back of a lorry as it arrived at the Insured’s factory. The cargo was rejected due to contamination and the claim settled at £35,000. Recovery was received from the carrier, reducing the loss to £15,000.

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Complete the form below or call us on 01527 571790