Globally AIG is one of the largest marine insurers . At AIG, we combine local expertise and knowledge with the quality and responsiveness of our international network, to ensure the protection of our customers’ assets and their business reputation. We recently launched our Cargoguard product which is suitable for a wide range of businesses that move their goods domestically or internationally. These could include: manufacturers, suppliers, exporters, importers, wholesalers and retailers. CargoGuard is accessible via our online trading platform, Rapidcover where brokers can receive a quote in minutes as well as bind policies and receive documentation almost instantly. Mid-term adjustments and renewals are also straightforward and can be made in real time.
CargoGuard provides flexible ‘All Risks’ cover - as per the Institute Cargo Clauses ‘A’ – on an annual basis, suitable for both domestic and international transits by sea, air and land with optional extensions delivering solutions for a wide variety of business needs.
Our experienced claims handlers have expert knowledge of marine insurance, enabling AIG to resolve claims quickly with minimal business disruption. On a daily basis our claims team deals with loss and damage to cargo in transit due to:
The following hypothetical scenarios seek to demonstrate the broad range of protection CargoGuard provides. The examples are illustrative only and not to be relied on to justify coverage in any particular situation.
A manufacturer operates a warehouse where they dispatch goods when ordered. While assembling an order, a forklift driver loses control of his vehicle resulting in delicate electronic equipment being damaged. As the items are considered to have started their transit within the warehouse, CargoGuard responds and reimburses the insured for the damages.
An Irish based exporter distributes the majority of their merchandise across the EU. Experienced in cross-channel shipping, the company takes care to ensure their containers are suitably packed for the expected weather conditions. Unfortunately, due to heavy weather the container and its cargo are damaged during the transit. As the sea conditions were outside of those normally experienced at that time of year, CargoGuard covers the damage to the owner’s cargo.
During the importation of high-end electronics, consignments are transferred from an arrival port to the insured’s warehouse by truck. Whilst unloading a shipment and performing an inventory count, the client notices a discrepancy in paperwork and suspects the truck’s driver of theft. As the goods were proven to be in transit when they were stolen, CargoGuard reimburses the client for the value of the items lost.
For more information, please visit Marine Insurance Products.