The company market

Balance-sheet insurers writing cargo directly or through brokers, on their own paper and wording.

How cover is placed

A single insurer takes 100% of the risk on its own paper. Cover is often written as an annual open policy against which you declare shipments, with a per-shipment limit and a per-conveyance limit agreed up front.

Who carries the risk

The insurer whose name is on the policy, for the whole risk. Its financial strength rating — published by agencies such as A.M. Best, S&P or Fitch — is the thing to check, and it should be disclosed to you rather than assumed.

Typical line size

Standard containerised trade up to substantial per-conveyance limits, set in the policy.

Usual appetite
General merchandiseMachinery and industrial goodsApparel and textilesAutomotivePackaged chemicals

Strengths

  • One counterparty, one wording, one claims contact
  • Annual open policies with declarations suit regular shippers
  • Faster for ordinary cargo than a subscription placement
  • Multi-country programmes for groups with several entities

Trade-offs

  • Appetite is narrower — a declined class is simply declined
  • Wordings are the insurer’s own and vary in ways the clause name does not reveal
  • Less flexible on unusual routes and commodities

When to look here first

Regular shippers moving mainstream cargo who want one policy, one renewal conversation and declarations rather than certificate-by-certificate buying.

How a claim is handled

Handled in-house or by the insurer’s appointed adjuster. Turnaround is usually quicker than a subscription market for straightforward losses.

What filing a claim involves →

Other channels

This page describes how the cargo market is structured. It names no insurer and asserts no relationship between InsuranceScanner and any market — we have no published panel yet. Nothing here is a recommendation that a particular channel or cover is suitable for you; see the Terms for our role.