CargoSecure: Designed by Marsh Singapore to protect your shipment — and your cash flow
Companies in Singapore often face challenges procuring the appropriate insurance coverage for different cargo types and sizes, as well as potential complications during the claims process in the event of accidental physical damage or loss.
CargoSecure protects against accidental physical loss or damage to your cargo while in transit anywhere in the world (excluding sanctioned countries), minimising your financial exposures while providing the following benefits:
- Enhanced protection for all cargo types including hard and soft commodities.
- Competitive premiums and deductibles from an A-rated multi-insurer panel with in-depth knowledge of cargo products, Singapore's local maritime landscape, best practices, and regulations.
- Simplified and prompt administrative processes from application to claims settlement, with placement and confirmation of binding within 24 hours.
- Dedicated technical and claims enquiries and support.
What are the risks covered by CargoSecure’s enhanced coverage?
CargoSecure not only covers standardised risks such as war-related perils, damages caused by civil commotions, missing goods, and other common risks with typical exclusions, but also includes coverage extensions not typically covered under small-sized cargo policies.
CargoSecure’s enhanced coverage is included as part of the cost-competitive premium, with coverage for items such as consumer products, hard and soft commodities, temperate-sensitive goods, as well as for differences between loaded and received quantity and goods that have been contaminated in the shipping process, with the ability to accommodate large risks when required.
CargoSecure consists of four types of coverage, giving your business the flexibility of choice to ensure the appropriate coverage for your needs.