Coverage for physical loss or damage to goods shipped by water or air.
Marine cargo insurance is the lifeblood of international trade. Internet efficiencies have made it easy for more companies to become involved in global trade. Shippers need to be confident they have the proper insurance protection for their merchandise.
RLIs ocean cargo marine policy protects goods shipped by water or air from physical loss or damage. Depending on the terms of sale, this coverage:
- Begins at the warehouse at the point of shipment
- Extends to the warehouse at the point of destination
- Includes all intermediate transit by rail or truck
The cargo policy is tailored to the customers business requirements and usually includes:
- War risk
- Strikes and riot exposures
- Warehouse storage, domestic transit, exhibitions and more
RLIs cargo policy is available on an open policy or on an individual shipment basis.
Online certificates and reporting With RLI MarineExpress, all cargo processing transactions are handled online free of charge.
Worldwide claims network RLI Marine has access to local marine claims expertise through our strategic relationship with W. K. Webster. For more information, go to www.wkwebster.com.
Local policies Through our partnership with Globex we can provide assistance and guidance in providing local policies in over 100 countries. Find out more.
Subrogation and recovery We work hard to minimize loss experience.
Experienced underwriters Ours are practiced at tailoring coverage to customers specific needs.
Appetite and Coverage Amounts
We have a very broad appetite for ocean cargo insurance. Everything from wearing apparel to bulk oil to furniture to soybeans and almost any product in between is of interest to us. We can issue policies on a gross sales or insured value basis. We also offer competitive rates, terms and conditions, including low minimum premiums. Our cargo capacity for vessel or warehouse limits is up to $30 million.
RLI Marine can meet the cargo insurance needs of the following business types:
- Freight forwarders and logistics providers
- Multinational companies
- Business-to-business Internet sales
We require the following basic information to provide a competitive cargo quote and marine insurance:
- Type of merchandise
- Annual insured values and/or gross sales
- Origin and destination
- Conveyance type (including carrier name)
- Insuring terms
- Loss history