Specifics of transportation
SPIKO GROUP provides the service of insurance of cargoes transported by sea, air, rail and road transport, as well as insurance of property transportation by multimodal transportation service. In our company it is possible to conclude a contract of full insurance coverage against all risks that may arise during the transit of the cargo, or partial insurance coverage against the most probable accidents:
- Embezzlement;
- Loss of cargo;
- Damage to cargo during loading/unloading;
- Damage due to weather, earthquake, lightning and other natural phenomena;
- Loss of cargo due to accident, traffic accident, airplane crash, ship flooding;
- Breach of package integrity;
- Damages from the actions of fraudsters.
Peculiarities of cargo insurance
Cargo insurance – provide cargo insurance services through international insurance companies. This is especially relevant when many companies have left the Russian market, it allows avoiding damage when ships get caught in storms, flooded and in other cases of cargo loss or its long delay at the border.
Under the contract with SPIKO GROUP any cargoes transported in containers or oversized products transported on railway platforms can be insured. Freight insurance programs provide for risks that may arise during transportation by sea, rail, road or air during domestic or international shipments.
Our specialists advise each client on the choice of insurance product and help to select insurance terms that meet the needs of the customer for protection of transported goods.
The following types of liability are available under the insurance policy:
- All Risks Insurance.
- Named risks (specific insured events upon the occurrence of which the indemnity is paid).
- Compensation for cases of wreckage of vehicles carrying goods.
Uninsured events
Situations in which the customer is not compensated under the insurance policy are also spelled out in the contract. For example, a full insurance coverage contract specifies a list of exceptional factors in the event of which compensation is not paid to the policyholder: acts of war, damage to goods by insects and rodents, and so on. If the contract is concluded for specific risks, such as flooding of the cargo during sea transportation, the loss of the cargo due to fire or theft is also not compensable.
The insurer has the right to refuse compensation payments if the fact of bad faith of the policyholder or its partners is proved:
- No documents of ownership of the insured property have been submitted;
- The documents contain false information about the composition or characteristics of the cargo;
- The shipper did not comply with storage and packaging conditions.
Cost of insurance service
Our specialists develop for each client an individual cargo insurance scheme with a comfortable ratio of price and the list of possible risks.
The program design takes into account:
- The value and composition of the shipment;
- Specifics of the logistics base;
- Types of transportation;
- Route and distance traveled
- Possible Risks.
The contract may stipulate additional risks: strikes, military actions, computer failures and so on.
Advantages of insurance in SPIKO GROUP
- Optimal favorable rates for insurance in international insurance companies.
- A wide package of insured risks.
- Transparency of insurance rules.
- Professional advice on insurance programs.
The contract for cargo insurance with SPIKO GROUP is additional guarantees, quick registration of the insured event and payment of real compensation. Order cargo insurance immediately when signing a contract for logistics services, which guarantees protection against any risks.
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