IMPORTERS / EXPORTERS
AssuredPartners Northeast understands the insurance needs of importers and exporters for whom we have designed specifically tailored insurance programs. Our reviews for new clients often reveal significant defects in the existing program such as incorrect reporting procedures that result in harmful penalties at the time of loss.
A critical coverage component for importers and exporters is ocean cargo and related transportation coverage. Ocean cargo insurance provides buyers and sellers the security to send goods to or receive goods from foreign markets and enables banks and other financial institutions to finance these transactions.
Air shipments to and from foreign destinations can be covered under ocean cargo policies. Policies can be written to cover the cost of the goods, shipping, insurance and often the loss of profit on damaged goods.
We also counsel our clients on the various ways that merchandise can be valued so that at the time of a loss the insurance settlement is appropriate for the client’s needs.
Coverage can be extended to include:
- Bankruptcy Expense
- Barge Coverage
- Concealed Damage
- Consolidation Coverage
- Container Demurrage Charges
- Contingent FOB / FAS / C&F Purchases
- Returned / Refused Shipments
- Shortage from Containers
- Refrigeration breakdown