Cargo
Cargo insurance covers the loss, damage or theft of commodities whilst in transit between the point of origin and the final destination. This can be by sea, road, rail or air and can be arranged either on an annual policy basis or for a single trip.
Any business that imports or exports goods or transports goods overseas could benefit from the peace of mind that cargo insurance can provide. There is a wide variety of insurance coverage options available, such as All-Risk coverage, Named Perils coverage, Stock Throughput, WSRCC (War, Strikes, Riots and Civil Commotion) and the experienced team at LMIS are here to assist you with your bespoke requirements.
Through Transportation Cover
Under this one heading there are a variety of different products which would all relate to cargo handling liability. These include transport & logistics operator cover, property and/or warehouses, owned and/or leased equipment, marine terminals, container storage depots etc. This is a very specialised cover to protect the owner’s liability and historically the market for this product has been extremely limited but that is changing and with the growth in options, we are seeing more competitive rates and we are therefore able to provide attractive alternative markets to the historic marketplace.
We are particularly active with the following types of commodities: –
General Cargo
Pharmaceuticals
Electronics
Coal, Oil and Gas
Metals (non-precious)
Machinery
Arms and Ammunition
Military Equipment
Chemicals
Based in London, Amsterdam and the Baltics, we are strategically placed to cover the UK and Europe, the Nordics, Baltics, America and the Caribbean. We work in close co-operation with our network of international partners, specialising in the placement of cargo risks in the most appropriate global market.
