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Ocean Marine

Confident that your ocean cargo exposures are covered

At Paperless we have partnered up with leading insurance companies to provide extensive ocean cargo coverage for importers and exporters. With automatic “all risks”* coverage for new merchandise – and numerous policy extensions at no extra charge – Travelers Cargo Elite policy gives you the ability to buy and sell internationally with confidence. And when you combine ocean cargo with other lines of property and casualty coverage placed with Travelers, you’ll be better able to evaluate a wide range of transportation exposures and secure the streamlined insurance solutions you need. But as complexity increases, finding the right coverage can be a real… Read More »Confident that your ocean cargo exposures are covered

Most Cargo Theft Risk Countries

Mexico, Brazil and South Africa are most at risk for cargo theft, FreightWatch International (USA) Inc. said Monday in a report. Total cargo thefts in Mexico increased 13% in 2011, with more than 10,000 hijackings occurring on roads and highways reaching an estimated value of losses of $9 billion, according to the Austin, Texas-based logistics security agency. 21% of all theft incidents targeted the food and drink industry. The overall average loss value per theft incident increased 23%, to $189,510 from $154,000, during the 2010-2011 reporting period. Paperless Advise: your ocean marine and inland marine cargo insurance policy will provide… Read More »Most Cargo Theft Risk Countries