Cargo Insurance
Coverage for physical loss or damage to goods shipped
by water or air.
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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.
Coverage
RLI’s ocean cargo 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
RLI’s cargo policy is available on an open policy or on an
individual shipment basis.
Additional benefits
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 claims
expertise through our strategic relationship with W. K. Webster. For
more information, go to
www.wkwebster.com.
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.
Target Customers
RLI Marine can meet the cargo needs of the following business types:
- Importers
- Exporters
- Freight forwarders and logistics providers
- Manufacturers
- Wholesalers
- Retailers
- Multinational companies
- Business-to-business Internet sales
Information Required
We require the following basic information to provide a competitive
cargo quote:
- Type of merchandise
- Annual insured values and/or gross sales
- Origin and destination
- Conveyance type (including carrier name)
- Packing
- Insuring terms
- Loss history
Downloadable Files
Open
Cargo Policy Questionnaire (PDF, 684kb)
Find an RLI underwriter
Learn more about RLI Marine
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