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Marine cargo
Chubb Commercial Insurance

For exporters, cargo insurance from Chubb is the final piece in the jigsaw which ensures total satisfaction for their customer. Importers appreciate how Chubb creates certainty with a local insurance service. Companies buying or selling goods in their domestic market understand how Chubb becomes a valued partner in their logistics chain. All can benefit from Chubb’s market-leading expertise and award-winning claims service.

Who we insure

  • Importers and exporters
  • Manufacturers
  • Wholesalers
  • Retailers
  • Distributors

Chubb provides ocean cargo insurance even in difficult or unique situations. We have insured such diverse cargoes as widgets (a scraper for removing paint from windows), zoo animals, museum exhibits and even dirt (diatomaceous earth).

What we cover
Alongside the broad range of standard cargoes, we specialise in:

Bulk cargoes

  • Oil
  • Gas
  • Coal
  • Iron
  • Steel

Containerised cargoes

  • Containerised cargoes
  • Ferrous and non-ferrous metals
  • Temperature controlled products
  • Pharmaceuticals
  • Computer and electronic equipment
  • Garments and fabrics

Project cargoes and consequential losses

To cover potential causes of loss such as:

  • Fire
  • Explosion
  • Sinking/Grounding/Stranding of Vessel
  • Heavy weather
  • General average & salvage charges
  • Piracy
  • War and strikes (including terrorism)
  • Road traffic accident
  • Theft and non-delivery
  • Accidental damage

Loss control
Our client was suffering non-delivery losses on imports emanating from Thailand. Utilising our loss control network, we arranged a visit to the manufacturing site, which uncovered a number of packing and documentation deficiencies. Chubb loss control implemented a training course for staff at the site and amended the packing procedure, which led to a noticeable reduction in losses

Global network
A large prospect was looking to purchase a global policy which would provide local servicing in certain territories. Utilising our multi-national risk group, Chubb provided policy documents in the local language, as well as tax and premium collection, thereby delivering a complete, legal insurance solution.

Claims & recoveries
Following a fire aboard a vessel, a large proportion of insured cargo was damaged. Chubb arranged for the vessel to be arrested, which meant we could negotiate recovery from shipowners. As a result, the loss record of our customer was protected. Had the vessel been allowed to sail, the possibility of recovery would have been severely prejudiced.