Cargo insurance | Marine cargo insurance – Marine and Cargo Risk Management



		Importance of Cargo Risk Management
		Cargo Risk Management Approach

Marine

ACE International Cargo Risk Management
Whether you’re a small entrepreneur sending a truckload of goods to the next town, or a large multinational operation shipping worldwide, your reputation and profitability depend upon the safe delivery of your goods.

Cargo Risk Management provides professional solutions to ensure that your goods are properly protected throughout the complex and constantly changing modern transportation chain.

ACE is an acknowledged leader in Cargo Risk Management, employing over 50 dedicated cargo specialists worldwide. This global expertise, coupled with a sustained commitment to the provision of comprehensive, quality marine cargo insurance programs, is ACE’s unique approach.

The Cargo Risk Management Concept
The final stage in a successful business deal is safe delivery to your customer. It is easy to believe that arranging the transport and insurance cover ends your responsibilities, but when things go wrong, you quickly discover that the consequences still affect you. These could range from damage to your reputation, a lost opportunity in a new market, delays to the completion of a project, or contractual liability for late delivery.

Cargo risk management is about applying the same commercial sense of loss minimization you adopt on site, to protecting your cargo in transit. Every shipment is subject to different hazards depending on a number of factors, including the nature of the cargo, destination, mode of transportation and routing. At ACE, we strike a sensible balance between loss prevention and an insurance contract to help businesses succeed. This philosophy ensures that all viable steps are taken to reduce the risk before it causes a loss.

Between 70% and 80% of cargo losses could be avoided by proper risk management, and our Master Mariners will work with you and any intermediaries to identify, understand and control the specific risk factors relevant to your cargo. Of course, we provide the usual comprehensive insurance cover for cargo risks, whether preventable or not.

The Benefits of ACE’s Risk Management Program ACE’s unique team of Master Mariners has developed an invaluable pool of technical knowledge and expertise in the field of Cargo Risk Management
In the short term, we will work with you to analyze the risks pertinent to your goods, prevent losses from occurring and assist in engendering a risk management culture in the relevant areas of your organization. You benefit because your insurance is priced more carefully for your specific situation to give you premium stability.

In the longer term, reduction and control of transit related loss incidents and resultant safe delivery of cargo enhances the relationship between you and your customers. We also aim to create a more commercially stable relationship between you, your brokers and ourselves.