Ocean Marine Cargo Insurance
Damage to cargo is a common occurrence and can halt business operations. Annual worldwide ocean cargo losses have exceeded $2.4 billion each year from 2007 to 2014.1 Damage can be due to rough handling, weather, improper loading or even atmospheric conditions. In 2014, 68% of the ocean cargo claims we saw were due to physical and water damage.2
If you are buying or selling goods overseas, it's important to have the right insurance company helping to protect your interests. Travelers provides insurance solutions for importers, exporters, manufacturers, commodities traders and freight forwarders. We aim to simplify the process and help guide business owners through the complex and often confusing process of importing and exporting.
Provides automatic, all-risk* coverage for international shipments of new merchandise transported by sea. Additional coverages automatically provided include concealed damage, shortage from container, control of damaged goods and consolidation.
Cargo Elite Express®
Available for businesses with up to $20 million of annual international shipments. Like Cargo Elite, Cargo Elite Express offers all risk* coverage. Cargo Elite Express also offers flat annual premiums and no reporting of shipments or sales.
Custom Cargo Coverage
Coverage tailored for cargo with unique shipping requirements such as chemicals, food products and pharmaceuticals.
*subject to certain exclusions and limitation
Who is this right for?
- Commodities Traders
- Freight Forwarders
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