Cargo Insurance for large businesses

Cargo insurance for large businesses is a type of insurance that protects businesses from financial losses resulting from the damage, loss, or theft of their cargo while in transit. This type of insurance is essential for large businesses that ship large quantities of goods, as it can help to offset the costs of replacing or repairing damaged or lost cargo.

With one of the largest, most experienced networks of cargo insurance specialists, claims experts and risk consultants in the business, Allianz Commercial delivers local solutions for marine cargo risks in more than 200 countries and territories.

Cargo Insurance

Product description

Every client's needs are different. That's why we work closely with risk managers and brokers to offer custom cargo insurance coverage, backed up by market-leading capacity, flexible underwriting, strong financial ratings and fast claims handling.

We have the hands-on experience needed for any type of cargo insurance claim, from simple to complex losses (e.g. general average and piracy).

And our recovery services focus on reducing the financial impact of loss, paying special attention to salvage and subrogation solutions, helping to reduce clients' net losses and lower program costs.

Risks covered

Our team of risk consultants, marine engineers, master mariners and logistics and supply chain security specialists provides technical expertise and solutions across every multi-modal risk:

general cargo and goods in transit
project cargo (including delay in start-up)
logistics and security
packaging
temperature-sensitive and theft-attractive cargo
warehouse inspections
international insurance programs

captive solutions
piracy
difference in conditions and difference in limits (DIC/DIL)
stock through-put
freight liability
cargo consequential loss
war and strikes (including terrorism)

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Risk appetite

Actively growing

Our goal is to drive growth in our Cargo Insurance business in the following areas:

Complex business that requires local policies, risk controls and tailored underwriting/claims expertise
Multinational and Captive Programmes
Appetite for risks in a wide range of industries with a focus on risk managed accounts (e.g. manufacturers, importers/exporters and traders)

Stockthrouput policies and transit programmes
Project Cargo incl. Delay in Start-Up

Coverage

Our team of risk consultants, marine engineers, master mariners and logistics and supply chain security specialists provides technical expertise and solutions across every multi-modal risk:

International Transit, Domestic Transit
Stock through-put

Project cargo, Delay in Start-Up
Tailored coverages with specialized wording linked to industry segments

Allianz Commercial will consider every risk on its own merit. Capacity and coverage offered to individual clients subject to hazard, Nat Cat exposure, grading, terms & conditions. The products and services described on this page may not be available in all locations. This is for your general information only.

Contact our experts for large businesses

Global I Press release

New Global Head of Marine

Allianz Commercial appointed Rich Soja as Global Head of Marine, effective immediately.

Expert Risk Article

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In this Q&A Allianz Commercial Global Head of Marine Risk Consulting, Captain Rahul Khanna, addresses the recent Baltimore bridge collapse.

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Even if the material has many advantages, there are still risks such as fire, floods or earthquakes, that need to be mitigated.

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Allianz Commercial publishes the 13th annual survey of key business risks around the world, according to 3000+ respondents.

Report

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The most important corporate concerns for the year ahead, ranked by 3,069 risk management experts from 92 countries and territories.

Global I Press release

Leadership change

Petros Papanikolaou will succeed Joachim Müller as CEO of Allianz Global Corporate & Specialty SE and Allianz Commercial.

Magazine

Global Risk Dialogue

We’re discussing the burning issues and emerging exposures in global risk management, designed to help you navigate through eventful times.

Report

Emerging Risk Trend Talk: Lithium-ion batteries

Allianz Commercial’s risk consulting team (ARC) has published a new report focusing on some of the potential risks posed by lithium-ion (Li-ion) batteries.

Risk Bulletin

Cargo theft: What’s driving it and how to mitigate the risks

Businesses need to be aware of the heightened risk and review their logistics and supply chain strategies to mitigate cargo theft.

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Fires at sea

Allianz Commercial experts highlight some of the factors behind fires on vessels remaining one of the biggest safety issues for the shipping industry.

Global I Press release

Allianz appoints Commercial leader for Asia

Christian Sandric will join Allianz Commercial as Commercial Managing Director for the Asia region with effect from September 1, 2023.

Global I Press release

New CFO for AGCS

Claire-Marie Coste-Lepoutre will hand over to Oskar Buchauer, currently Head of Allianz Group Actuarial, Planning and Controlling and Group Chief Actuary.

Expert risk article

Decarbonization and sustainability

Decarbonization of shipping is now well underway, but the pace of these efforts is influenced by range of factors, including green tech, regulation and market forces.

Expert risk article

Inflation pushes up severity of hull and machinery losses

Supply chain disruption, labor and material costs and delays are driving up the cost of hull and machinery claims.

Expert risk article

Economic outlook on shipping industry

The decline in freight rates threatens future investments in safety and decarbonization and could impact maintenance levels and risk management budgets.