Marine
Cargo Insurance
The best option to protect your cargo!
You can cover the cargo in all modes of transportation. Cargo insurance does not represent an expense, it is the way you protect your company by transferring the risk to an insurer, obtaining peace of mind against possible risks and unexpected expenses.
Total Loss
The coverage designed for special cargo!
The coverage offered by this product provides protection for cargo that, due to their special nature, are highly exposed to the risk of total loss. Examples: fragile, breakable products, household goods, among others.
Coverage
- Coverage for total loss by theft with violence.
- Total loss for damages caused by the following events:
- Grounding, sinking, stranding, capsizing, or collision of the ship.
- Damages caused by loading and unloading operations.
- Gross average or common average.
- Damages to the cargo resulting from damages suffered by the transporting vehicle.
- VMM (Vandalism and Malicious Mischief, Include acts by Guerrilla an Terrorism)
- Riot, mutiny, civil or popular commotion, and strikes.
- Total loss due to theft with violence or damages caused by international war, excluding countries in conflict.
- Fire and/or lightning, explosion, or actions to extinguish the fire caused by such events.
- Acts of God such as earthquakes, landslides, floods, and similar events.
- Extended coverage for goods remaining in a customs warehouse or in a bonded warehouse for up to 90 days without an additional premium charge.
Our customers
- Freight forwarder or logistics operator.
- Customs broker.
- Exporter and importer.
- Carriers.
- Moving companies.
- Companies providing warehousing services.
- NVOCC (Cargo Consolidators).
Benefits
- Protects the merchandise throughout its entire journey.
- Covers all modes of transportation, whether by air, sea, river, rail, and/or land.
- Extended coverage during the stay in bonded warehouses, up to 90 days.
- Financial peace of mind for the company.
Full Cover
“The most comprehensive coverage for goods protection!
The coverage offered by this product provides protection for all types of comodities, making it one of the most comprehensive coverages for your cargo.”
Coverage
- Partial or total loss by theft with violence.
- Partial or total loss due to damage and the following events:
- Stranding, sinking, grounding, capsizing or collision of the vessel.
- Unforeseen wetting during transportation, whether by fresh water, salt water or both.
- The loss of entire packages, fallen into the sea, during loading, transshipment and unloading maneuvers.
- Stevedoring operations, including transportation by auxiliary or smaller vessels to or from the main ship.
- Fall of the aircraft, self-ignition, collision, overturning or derailment or other type of transportation used.
- Breakage or crack during transport. Used and breakable merchandise, and goods that lack packaging or packaging material are excluded.
- Accident suffered by the carrier vehicle.
- VMM (Vandalism and Malicious Mischief), (Include acts by Guerrilla an Terrorism)
- Mutiny, riot, civil or popular commotion and strike.
- Fire, lightning and/or explosion, explosion or action to extinguish the fire originated by such causes.
- The Acts of God such as earthquakes, landslides, floods and the like.
- Contribution for gross or common average.
- Partial or total loss by theft with violence or damage caused by international war, countries in conflict excluded.
Full Cover Plus
The coverage that protects the entire chain in your logistics operation!
New Marine Cargo insurance developed exclusively for logistics operators and freight forwarders, who are responsible for the entire supply chain. It includes the Full Cover coverages for goods in transit and is complemented with the following additional coverages:
FULL COVER + E&O (Errors & Omissions) + Container.
The coverage offered by FULL COVER is extended for economic losses caused by errors and omissions by the insured:
- Contractual liability by error or omission.
- Contractual liability for customs fines with the following insured limits:
Civil liability for error or omission up to a limit of USD $50,000.00 (100% of the FOB invoice value).
Civil liability for delay up to a limit of USD $10,000.00 (10% of the FOB invoice value).
Civil liability for customs fines up to a limit of USD $10,000.00 (10% of the FOB invoice value).
Additionally, the container will be protected through coverage for total loss caused by the following events:
- Loading and unloading operations.
- Accident suffered by the transporting vehicle.
- VMM (Vandalism and Malicious Mischief, Include acts by Guerrilla and Terrorism).
- Riot, mutiny, civil or popular commotion and strike, according to their legal definitions.
- Fire and/or lightning, explosion or action to extinguish fire originated by such causes.
- Acts of God, such as earthquakes, landslides, floods and similar.
Benefits
- Protects the merchandise during the entire transit.
- Covers all modes of transportation, whether by air, sea, river, rail and/or land.
- Covers the total loss of the container.
- Covers the logistics operator for an error or omission.
- Covers the permanence in bonded warehouse for up to 90 days.
- Financial peace of mind for your company.
- Achieves an excellent reputation in the market by protecting your customers’ goods.
