Tag Archives: Marine insurance
COVID-19: The Impact on Marine Protection and Indemnity Coverage
COVID-19: The Impact on Marine Protection and Indemnity Coverage Amid the tragic human impact of COVID-19 and governments' restrictions on travel and commerce, businesses are feeling the economic consequences of the pandemic. COVID-19 has reshaped the marine sector's risk landscape, and raised questions about shipowners' protection and indemnity (P&I) coverage and how this may be…
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Marine Cargo Insurance and its importance
Marine Cargo Insurance and its importance Maritime transport is one of the safest channels for the movement of goods, however, inevitably, there are certain risks that, during their transfer, can generate damage or even total loss of cargo. That is why it is recommended to contract or enforce transfer insurance for all goods. The purpose…
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Vessel accidents have increased, are you prepared?
Vessel accidents have increased, are you prepared? It is estimated that 3,000 containers have been lost at sea over the past few months alone. Compared to the 1,382 containers on average lost per year between 2008-2019, as reported by The World Shipping Council, that’s a big jump. What’s the reason for it? Why are vessel…
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Marine Cargo – ‘Ever Given’ Suez Canal blockage impact
Marine Cargo – ‘Ever Given’ Suez Canal blockage All customers with cargo onboard must contribute to the costs of the recovery and salvage costs to the Ever Given. If you have an Ascend Cargo insurance policy then this will be covered under the General Average extension – if you do not have marine insurance you…
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Covernotes 2018 Summer Newsletter
Summer 2018 Covernotes Newsletter Please download our 2018 summer newsletter In these covernotes we include: The insurance implications of Britain becoming a nation of fly-tippers Helping to make the Claims experience less painful Data keeping drivers safe on the road by getting to know their good and bad habits Leave no stone unturned with Silicosis…
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New Year Resolution No. 1 – underinsurance and how it can leave your business seriously exposed
As part of our New Year resolution tips we tackle underinsurance. Many businesses find themselves underinsured at a time of loss and only receive a fraction of the true value of a claim. It is thought that up to 80% of the UK’s commercial properties are underinsured and 40% of businesses underinsure their business interruption…
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One reason not to just focus on price – claims examples
Many decisions on purchasing insurance are made purely down to price. The claims scenario below is a real situation that occurred, the 2 responses below show how two different policies would respond to the same claim. In this instance, the client had the wider cover and was extremely glad they opted for the better product!…
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5 tactics cargo thieves use and how to help prevent them
Technology continues to transform cargo theft, as companies work to stay one step ahead of highly strategic cargo heists, from creating fraudulent companies to arranging for fictitious pickups. Being aware of current theft tactics can help haulage and freight companies more effectively protect their cargo and prevent interruptions to their supply chains. Thieves that commit…
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All you need to know about Marine Cargo Insurance – White Paper
Matt Price, Broking Director at Ascend Broking provides a detailed overview on all you need to know on marine cargo insurance. Whether you need cover on a case-by-case basis, an annual policy or are even not sure what you should arrange cover for, we explain all in our new marine cargo white paper. Click Here…
Read more Marine Cargo Insurance – Things that are often misunderstood or even overlooked
Case Study – Relying on Haulier’s Insurance Relying on Haulier’s cover – don’t do it. We were introduced to a company who until recently did not purchase Marine Cargo Insurance, and were left out of pocket following a claim. They incorrectly assumed as they were using a Haulage Company to move their goods that loss…
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