For brokers whose clients have annual sendings of less that £200 million, Chubb Ignite Marine Cargo insurance offers instant access to quotes. This is an especially convenient way to access Chubb’s unparalleled resources and experience in marine insurance, built up during more than 200 years of covering goods in transit.
Case Studies To help you talk to your clients about the need for and benefits of marine cargo insurance, here are some real examples of incidents from recent years:
Fire onboard destroys vessel and cargo A large clothing company shipped a container to Italy. Fire broke out on deck and spread, destroying the vessel and its cargo. The insured claimed a total loss, valued at $1.3 million, which was paid in full under their cargo policy. Recovery action is being pursued against the vessel owners.
Illegal stowaways contaminate cargo Fifteen illegal immigrants were discovered "covered in cocoa powder" in the back of a lorry as it arrived at the insured's factory. The cargo was rejected due to contamination and the claim settled for £35,000. Recovery was received from the carrier reducing the claim to £15,000.
Cargo theft leads to a claim A driver was deceived by two people, dressed in the consignee's attire, in unloading a consignment of 1,430 cases of red wine onto another vehicle prior to its destination. The claim settled for GBP 62,000 and recovery was pursued against the carrier resulting in a loss of GBP 20,000.
The examples of claims or situations on this site do not imply that similar circumstances would constitute a valid claim. Each claim is reviewed individually in accordance with the specific policy wording.