Marine Cargo Insurance
As the in-house broker of one of the largest trading companies in Japan, our expertise in marine cargo insurance is unparalleled. Our deep understanding of the unique risks associated with marine cargo transportation allows us to provide the most effective risk solutions throughout the entire supply chain, across all industries.
Our Service
Marine cargo insurance is somewhat different from other classes, and requires a knowledge of shipping, international geography, banking, transportation law, documentation, and economics. A knowledge of the basic principles, definitions, and coverage will provide a practical understanding of this area of international trade.
Marine Insurance protects goods in transit both domestic and worldwide. If a business or individual requires full value cover of their goods whilst in transportation, a dedicated Cargo Insurance policy is highly recommended. Shipping goods or belongings overseas comes with an element of risk. Shipments can become lost or damaged, leaving you facing substantial costs to replace or repair your cargo. Contrary to widespread belief, it’s actually your responsibility, not the carrier, to insure the products being shipped. The freight forwarder or carriers liability insurance can often impose significant limitations on the compensation available to the customer. In some cases this can be limited to just USD3 per kilogram! By obtaining marine insurance you can be confident that have full cover value on your goods in transit. When you buy marine insurance through Cosmos Risk Solutions, you’ll know you are in safe hands.
Cosmos Risk Solutions provide the expert advice as unlike other brokers, we specialise in the field of cargo insurance. We’ve spent years building a network of contacts amongst some of the world’s leading insurers, ensuring that we’ll always find you the best possible deal. We’re able to provide you with road, rail and air cargo insurance, along with sea cover that includes General Average insurance free of charge. And because we’re able to compare the entire insurance market, instead of a handful of preferred companies, we’ll find you complete cover at a price that won’t leave you reeling.
Our Products
The classes of insurance that we handle are:
- Physical Loss or Damage to Cargo
- Stockthroughput Risks
- Rejction Insurance
- Exhibition Risks
- Cargo Legal Liabilty
- Professional Liability
- Supply Chain / Trade Disruption
Our Expertise
Being an in-house broker of ITOCHU Corproation, we are provided with opportunity structure various marine cargo insurance programs. Through this experience, we have accumulated our expertise in tailoring bespoke insurance programs for each of our clients.
