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We bring an unmatched combination of industry specific expertise, deep intellectual capital, and global experience to the range of risks you face.
Our consulting, brokerage, and claims advocacy services leverage data, technology, and analytics to help you better quantify and manage risk.
The perspectives, expertise, and guidance you need to better understand today’s world of increasing risk and complexity — and find the opportunity in it.
We shape the future through our perspective, expertise and solutions, empowering our clients to thrive – a foundation strengthened over 150 years.
Digitization and customer expectations are driving existing industry stakeholders and new entrants to seek greater speed and control of end-to-end product delivery.
Our cargo and logistics team utilizes the latest technology and risk management strategies to develop insurance programs that cover the entire supply chain. Our aim is to provide you with greater risk understanding, visibility, and protection of your cargo shipments.
We continually innovate insurance programs with digital solutions, data and analytics, facilities, and risk management services. And through our integrated claims management services, we help you reduce costs and improve claims recoveries.
We serve businesses of all sizes from multinational owners of product to small parcel companies, as well as global logistics providers. We have the scale, scope, and market presence to help you manage and mitigate your risks across the supply chain.
The report that explores four seismic shifts affecting the maritime and logistics ecosystem, and the impacts on risk management.
State of Play - The Future of Digital Cargo Insurance
We examine the risks of transporting Li-ion batteries and provide cargo owners three key steps to help manage these risks.
With logistics workers playing a key role in continuity of supply chains, logistics and haulage companies need to safeguard their workers by mitigating employee risks.
Any party shipping goods, product, or commodities by any means of transportation.
Cargo insurance pricing is calculated based on a valuation of the goods being transported and the perceived risk. The valuation of cargo is customizable based on the desire of the cargo owner and how it calculates values. For example, the insured value of your goods can be determined by adding the commercial invoice value of the goods (how much you are receiving in payment from your customer) to the cost of freight transport, with an additional 10% charge to cover additional expenses. Alternative valuation options are replacement cost, agreed value, and selling price.
Logistics is the arrangement and/or transportation of goods in the global supply chain. The exact insurance coverage requirements must be tailored to the activities of each operation. However, as the principal activity for logistics providers is the care, custody, and control of the goods of others, a core insurance coverage is cargo legal liability.
Logistics insurance products offer protection to any party involved in the transport, storage, or arrangement of such activities. These include trucking companies, freight forwarders, warehouse operators, non-vessel owning common carriers (NVOCC), customs brokers, and freight brokers.
This can vary greatly depending on each activity, limits, losses, contractual liability, applicable conventions, domestic or international movement of goods, and size of operation. Gross freight receipts of mileage are always used for rating purposes in conjunction with all other relevant exposure information.
A “general average” is a loss arising from the voluntary sacrifice of any part of a ship or cargo, or an expenditure to safeguard a ship and the rest of the cargo. When the vessel owner declares a general average, the vessel owner and all the cargo interests will share the expenses associated with the loss on a pro-rata basis. These expenses are typically covered under your cargo insurance policy. Such losses can be significant and may require letters of guarantee to have the cargo released. A letter of guarantee would be issued by the insurance company and is an agreement to meet an insured’s liability for contribution.
CEO, Marine, Cargo & Logistics Practice, UK and Ireland
Global Sales Leader, Marine, Cargo & Logistics Practice
Regional Head, Marsh Specialty US and Canada
Head, Marine, Cargo, & Logistics for Latin America & The Caribbean
Head, Marine, Cargo, & Logistics, Northwestern Europe and Switzerland
Managing Director, Head of Marine Asia, Marsh
Contact us to get in touch with an industry or risk subject matter expert, learn more about a specific solution or submit a sales/RFP inquiry.
Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses.
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