Maersk Cargo Insurance safeguards your good long after other insurances stop.
New-age cargo coverage
Tackle today’s logistics risks with confidence
The world is increasingly finding itself in flux. The reasons range from complex geopolitics to unpredictable weather patterns. That’s why the threat of supply chain disruptions is very real. And always around the corner.
Get an overview of the rising logistical risks
Cargo damage can occur at any point in the journey from origin to destination due to a host of reasons. Recent history has proved that even the smallest incident can prove catastrophic in terms of cargo losses. A case in point being the Red Sea crisis. And that’s just one of the many instances which have contributed to an increase in cargo losses and cost of doing business. Apart from incidents involving vessels, the other major risks include:
Fire – a foremost concern for shippers
Damage during handling
Container or packaging failure
Theft or pilferage
Weather-related incidents
Accidents
Despite these risks, nearly 30% of all containerised trade across the world goes uninsured.
Know the shortcomings of standard cargo insurance
Many shippers avoid cargo insurance as the terms and conditions do not cover new-age risks. Further, the coverage isn’t expansive enough to cover the broad range of goods transported. The other important reasons include:
- No coverage for damage due to delays
- Claims processing delays that disrupt operations and impact financial stability.
- Ambiguous policy wording that creates uncertainty and scope for potential disputes.
- Skyrocketing policy premiums that inflate operational costs.
- Limited insurance options and poor rate structures that restrict flexibility.
- Lack of proactive communication that limits awareness.
Only a comprehensive cargo insurance policy that’s designed keeping the new-age risks in mind can help shippers overcome financial losses due to cargo damage and late delivery.
Say yes to peace of mind
Introducing Maersk Cargo Insurance: a comprehensive policy that’s capable of beating the new-age logistical odds. Adding 30 days to the standard 60-day limit, the plan covers each leg of your cargo’s journey from origin to destination. Maersk Cargo Insurance is the only plan that offers customised coverage for damage due to delays and shipment returns.
Salient features
- Extended transit coverage of 90 days.
- Zero deductibles and zero-own risk.
- Customised coverage for damage due to delays and shipment returns.
- 99% of commodities covered.
- Global insurance expertise to avoid cases of failed payments.
- End-to-end coverage.
Powered by the actuarial expertise of Marsh/AIG, Maersk Cargo Insurance promises to not only simplify processing of your claims but also ensures the right compensation is paid at the right time. Choose Maersk Cargo Insurance and minimise the impact of supply chain disruptions.
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Need more information?
Please fill in the following form so that one of our cargo insurance experts can reach out to you. We’ll send a link for the brochure to the email address you provide below.