Our Cargo insurance provides coverage for physical loss or damage to cargo while in transit, either internationally or domestically.
Cargo insurance is usually provided by the means of one of three Institute Cargo Clauses, a set of standards voluntarily adopted by many international marine insurance organisations. They consist of Clauses A, B or C, plus War Clauses and Strike Clauses.. There is an Institute Cargo Clause (Air) for movement by air, which is equivalent to the A Clause.
You can opt for either an Open Cover policy, which involves the cover of a number of consignments, or a Specific (Voyage) Policy, which provides a one-off insurance cover for a particular shipment only.
This policy covers accidental loss of or damage to the aircraft
The Company will pay for, replace or repair, accidental loss of or damage to the aircraft arising from the risks covered, including disappearance of the aircraft.
It also covers cargo as well as freight exposures
The Company will also indemnify the insured for all sums which the insured shall become legally liable to pay as compensatory damages (including costs awarded against the Insured) in respect of accidental damages to property caused by the aircraft or by any person or object falling therefrom.
The Company will indemnify the insured in respect of all sums which the Insured shall become legally liable to pay as compensatory damages (including costs awarded against the insured) in respect of accidental bodily injury (fatal or otherwise) to passengers whilst entering, on board, or lighting from the aircraft and loss of or damage to baggage and personal articles of passengers arising out of an accident to the aircraft.
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