Cargo Insurance (B)
Limited transportation protection that compensates for specifically defined financial loss to cargo during transport.
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Limited transportation protection that compensates for specifically defined financial loss to cargo during transport.
Insurance can be complicated. To make things easier to understand, we have compiled all the key information about the insurance in an information document that can be viewed with the terms and conditions.
Loss or damage due to fire, explosion, earthquakes, volcanic eruption, or lightning.
Loss or damage incurred when a transportation craft or transport vessel sinks or capsizes.
Loss or damage incurred when a conveyance on land tips over or veers off track.
Loss or damage incurred when a transportation craft or transport equipment crashes or collides into a solid or floating outside object.
Costs due to unloading cargo in a emergency port.
Loss or damage due to general average loss, when cargo is thrown overboard or is swept away at sea.
Loss or damage incurred by sea or fresh water from a lake or river entering a vessel, transportation craft or transportation equipment, containers, carriages or storage areas.
Total loss of independent units that fall overboard or are dropped during loading or unloading of a vessel, transportation craft, or transportation equipment.
General average disbursement and rescue costs.
Liability that falls on the insured due to Both to Blame Collision Clause in the transportation agreement.
Loss, damage, or costs that can be traced to intent or gross negligence of the insured.
Normal leakage, normal shrinkage in weight or volume, normal wear and tear, or corrosion of the insured cargo.
Loss, damage, or costs due to unnecessary or insufficient packaging, or of inadequate care for the insured cargo.
Loss, damage, or costs due to internal damage or nature of the insured cargo.
Loss, damage, or costs due to delay, bankruptcy, or financial default.
Intentional vandalism done to the insured cargo, irrespective of who did it.
Loss, damage, or costs incurred when:
A: Vessel or transportation craft is unseaworthy, a vessel, transportation craft, transportation equipment, container, or carrier is unfit for safe transportation of the insured cargo.
B: The insured themselves, or people employed by them, knew of this fact.
Loss, damage, or costs incurred by war, civil war, revolution, or hostile actions carried out by parties of war.
Loss, damage, or costs incurred by military occupation, forcible actions, detention, delay, or immobilisation, and the resulting consequences, or attempts thereto, or due to a deserted naval mine, torpedo, bomb, or other deserted weapons of war.
Loss, damages or costs caused by people on strikes or in lockout, or participants in work-related riots or uproar, or which are caused by strikes, lockouts, work-related riots, uproar, or civil unrest.
Loss, damage, or costs caused by terrorists or participants in political actions.
Our team consists of specialists with extensive knowledge of insurance and broad experience in analysing the needs of businesses of all sizes and types.
It is important to have the right insurance for your business, whether it concerns your employees, operations, or equipment.
We work closely with our business clients to ensure that their insurance reflects the needs of their operations at all times.