Cargo

Beazley insures general cargoes and specie from both London and Singapore. We offer protection for goods while in transit (by land, sea or air) and in store during the ordinary course of transit or long term storage.

What we offer

General cargos with an emphasis on oil, general commodities and general machinery. All losses are subject to the terms and conditions of the actual policy up to US $75,000,000. Our book of business consists of a wide range of general cargoes with emphasis on oil, general commodities and general machinery.

How can we help

Our underwriters have a wealth of experience and knowledge that enables us to understand complex issues. We draw on this to deliver a outstanding service to our brokers and clients. 
We are experts in the movement of difficult project cargo which allows us to understand hard to place risks and create appropriate, and often bespoke, coverage solutions. 
Our underwriting and claims teams work hand in hand, in an cycle that allows the development and refinement of our products. This close collaboration between our teams also ensure a seamless and simple claims process.

The Beazley Difference

Integrated risk protection package that combines several coverages in just one policy
Affirmative coverage for claims made against an insured which results in bodily injury
Deep product knowledge since we pioneered Virtual Care in 2009
Knowledgeable Underwriters, Wordings Lawyers, and Claims Managers with expertise in all key areas of coverage
Dedicated Beazley Breach Response Services, including breach response management, information security insurance solutions, and risk management services

Examples or Scenarios

On hearing that a client’s vessel was listing we immediately deployed our in-house marine engineers to assist. With the support and technical guidance of our engineer the vessel was stabilised (she had been listing heavily from a grounding and was close to being a total loss) and the cargo on board was saved from further damage. Towage was organised which allowed the vessel to successfully reach her destination. With the benefit of having our engineer ‘on the ground’ for more than 16 days, Beazley’s claims managers were able to directly understand the client’s needs, resulting in prompt payments of funds.