Cargo Insurance covers loss/or damage during the movement of cargo from one port/country to another. Sending can be by sea, air or inland. Coverage can be provided for all risks or named perils basis. Cargo Liability Insurance provides Freight Services companies coverage for physical loss/or damage to customers’ cargo and for their consequential loss resulting from such loss or damage. Policies are tailored to suit individual Insured’s needs.
Specialist limited liability coverage for incidents occurring within standard terms and conditions, when cargo is being conveyed from A to B.
Swiss based and international companies, whether carriers or freight forwarders.
Features & Benefits
Comprehensive coverage for goods in transit from warehouse to warehouse anywhere in the world.
Swiss based and international companies, whether manufacturers, importers or exporters.
Features & Benefits
Physical damage to or loss of cargo
All risks cover for property whilst in transit with optional covers for advanced loss of profit and/or consequential loss. Our team of in-house marine loss control engineers will work closely with underwriters to design and coordinate a comprehensive survey plan to fit the needs of each project.
Swiss based and international companies involved in large infrastructure construction projects anywhere in the world.
Features & Benefits
At AIG we believe in going beyond traditional risk assessments by working in partnership with our clients and brokers to produce a bespoke added value service to meet our mutual needs on business and asset protection.
Expert Focus is given to help insureds prevent losses and mitigate those that do occur. We are committed to long-term partnership and client satisfaction.
Marine Loss Control Engineering (MLCE) – More than 15 experienced loss control professionals spanning throughout the world help policyholders reduce trade and transportation risks and minimize costly delays. Our comprehensive loss control services are based on three core principles:
MLCE strives to avoid losses by analysing potential exposures and presenting tailored recommendations to minimise them. We provide clients with an outline of potential problems and their solutions based upon our loss control capabilities, local knowledge and global strengths.
A risk assessment could be one or a multiple of the following depending on the type of business and the insurance taken out: a review of the insured’s business soon after inception; appointment of surveyors for cargo movements; orchestrating a ‘Kick-off’ meeting for a project cargo; a review of claims; reviewing transport documentation and commenting thereon; warehouse risk assessment; carrier risk assessment etc.
Treating our clients as partners in the process, we are diligent in our efforts to develop and implement strategies for eliminating or reducing loss exposures to mutual benefit.
MLCE strives to prevent future losses by analysing client loss frequency and severity trends and implementing practical, feasible recommendations in accordance with the needs and requirements of each insured.
MLCE strives to ensure open lines of communication, to act as a “knowledge centre” and exchange essential information that will assist the client, underwriter and MLCE team in carrying out loss prevention initiatives during the policy period.
The Marine Loss Control Engineering Team consists of a global network of more than 15 strategically placed, full time, loss control managers, made up of seasoned professionals with 25 years of experience in the industry on average, most with sea-going experience and licensed as Master Mariners. The team also has wide ranging complimentary expertise as former cargo surveyors, port captains and claims specialists as well as specialised skill and experience in areas such as cargo crime prevention, logistics, and packaging.
To take advantage of the team’s complimentary skills and expertise as well as maintain a worldwide consistent approach and maximise our effectiveness in delivering the full range of loss control services to our clients on a local level, the team has developed “Centers of Excellence” (COE) for the following disciplines:
Each COE includes a committee of MLCE managers with the necessary expertise to ensure that our services remain on the cutting edge in the related field and all local loss control operations remain fully supported on a global level.
In addition to the risk assessment programme, AIG MLCE has developed a “knowledge centre” containing a number of documents and training materials covering a wide range of marine related technical subjects that are available to support the overall group risk management philosophy and provide guidance on operational best practice.
Also available are products such as Insight, an ever expanding suite of ‘Best Practice’ documents produced by AIG property engineers covering a range of Property related technical subjects giving guidance to assist you in mitigating and controlling hazards across your ‘cargo in warehouses’ portfolio.
AIG Global Marine’s Claims Services network offers clients the best of both worlds. Our policyholders can resolve claims in their language and currency, while the original insured can liaise with regional management to address concerns or requirements. Our claims handlers’ knowledge of international marine insurance law and conventions and Swiss regulations enable us to resolve claims quickly and maximize recoveries, delivering tremendous benefit to our customers.
Comprehensive Recovery Support – Marine recoveries are central to our approach to claims. Local and regional recovery specialists focus on achieving maximum recovery on every claim. Such efforts help insured’s maintain a favourable loss experience and keep premiums down.
To report a claim please email ClaimsCH@aig.com