Marine Insurance Management with ASF Logistics
Marine Cargo Insurance covers physical damage or loss of goods whilst in transit by land, sea, or air between the points of origin and final destination.
Unfortunately, many international shipments move uninsured as importers/exporters view insurance as an unnecessary expense involving extra administration. It is also a common mistake to allow suppliers or customers to control this vital area of the business. This loss of control, not only increases the difficulties of implementing an effective trade risk management strategy, but can also have far reaching effects on profitability.
Importers and exporters are exposed to countless financial risks when they do not insure their international shipments. Trying to recover losses from carriers is difficult and time consuming, and is unlikely to cover the true associated cost due to carrier’s limited liability and package limitation clauses. “All Risks” insurance relieves companies of their financial exposure from physical loss or damage to their goods while in transit, since carriers have limited liability. The best way to protect your financial interest is with the appropriate marine insurance coverage.
ASF can arrange extremely competitive Ocean Cargo Insurance with door to door coverage through Rutherfoord, Inc who is one of the largest risk management and insurance brokerage firms in the United States. Rutherford, Inc, a Marsh & McLennan Agency LLC company, has client operations in all 50 states and more than 80 countries around the globe.
Rutherfoord provides exceptional expertise and service to a broad portfolio of clients, and the specialist Maritime Division handles management of claims, maritime insurance litigation, and non-insurance litigation covering marine and general cargo liability.