International Marine Underwriters Introduces Enhanced Ocean Cargo Coverage
PLYMOUTH, Minn. (May 22, 2019) – International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has introduced an enhanced Ocean Cargo policy designed to address the needs of an increasingly global ocean marine market and enable customers to easily review coverage details on a redesigned form.
“Our customers do business globally and require comprehensive coverage for all phases of shipping and transit of their goods by land, sea or air, from warehouse to warehouse and beyond,” said Bob Gallagher, President of International Marine Underwriters. “We’re pleased to offer new Ocean Cargo options and extensions designed to fit these needs and help customers navigate the global nature of their business— all on a refreshed form where coverage details can be reviewed simply and quickly.”
Ocean Cargo policy and extension highlights include, but are not limited to:
- Extended warehouse to warehouse time frame
- Small package shipments via UPS, etc.
- Extra expense for forwarding, landing charges
- Contingent interests
- Insolvency- Voyage frustration
- Loading and unloading
- Debris removal
- Shortage from container
- Concealed damage
- Terms to comply with Letter of Credit requirements
Customers will continue to have access to additional features and services such as IMUCargo.com, an online resource offering 24/7 access to electronic certificate of insurance issuance, risk management reports, vessel information database and a worldwide network of claims agents.
Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to the actual policies or consult with your independent insurance advisor for descriptions of coverages, terms and conditions.Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to the actual policies or consult with your independent insurance advisor for descriptions of coverages, terms and conditions. For more information on International Marine Underwriters’ cargo coverage and other products and services, visit imu.com.
About International Marine Underwriters: International Marine Underwriters traces its roots to the early 1900s, and offers a full range of ocean marine insurance solutions across the U.S. and Canada. Ocean marine products include, but are not limited to, commercial hull and marine liabilities at both the primary and excess levels; ocean and air cargo with coverage extensions such as inland transit, exhibition, warehousing and processing; yachts; and several marine package products with comprehensive property, auto and liability coverage.