Cargo insurance

Cargo insurance solutions

With long years of expertise offering worldwide logistics and freight solutions, at Vervo Middle East, we understand the emotional and financial distress that cargo loss or damage causes businesses. 

Because accidents may also occur with good cargo, we built our insurance solutions to ensure the broadest possible cargo transportation coverage.

Avoiding risks is a logical step in every supply chain. Therefore, Vervo Middle East's Cargo Insurance solutions help you keep your mind at ease, secure your cargo, and prevent any financial obligations.

Relying only on your commercial insurance policy—or the carrier's liability coverage—to secure your goods may result in unpleasant consequences. We provide comprehensive coverage plans tailored to your shipment's needs for all cargo types, modes of transportation, and industries.

Vervo Middle East offers cost-effective cargo insurance solutions specifically designed to fit the unique needs of your cargo. Our recovery services focus on reducing the negative financial impacts, paying special attention to salvage and subrogation solutions, and helping to reduce net losses and lower costs.

With Vervo Middle East, you will get:

• End-To-End Security Risk Assessment
• Competitively priced and fully personalized insurance policy
• Wider coverage than the standard insurance schemes
• Quick quotations and rapid claim resolutions
• tailor-made security services and risk analysis for warehousing, cargo, and transportation.
• Expertise and consultancy in all security-related areas. 

Vervo Middle East provides marine cargo insurance with various coverage schemes for all modes of transportation. The carrier's liability insurance does not cover risks such as cargo damage and losses 100 percent. For this reason, we offer a reliable insurance solution based on ICC (A, B, and C) conditions that consider the practical aspects of cargo compensation. 

We divide our ICC classes into three categories based on your needs: 

A – responsibility for all risks 

B – responsibility for declared risks

C – limited responsibility for named risks.

Given the above ICC classifications, the insurance coverage is governed by the terms, conditions, limitations, and exclusions outlined in the applicable insurance policy. The insurance coverage is underwritten by an authorized insurance company and issued through licensed insurance producers.

We cooperate with reliable strategic insurance partners across the globe to develop our cargo insurance solutions. Our policies are provided on a full or partial cover basis according to your needs to protect against the risks inherent in air, maritime, and inland transit.

The primary goal of our freight insurance solutions is to get cargo reimbursement if any dangers happen during transportation. from the receipt point to the destination. In more than 120 countries; insurance services in Vervo cover:

As a logistics partner, we consider giving our clients peace of mind an essential objective of our mission. We adopt a personalized end-to-end approach to cargo insurance. Our flexible solutions are available for both one-time shipments and long-term contracts. Quotes are suited to your specific needs, cargo type, and mode of transportation without hidden charges.

Vervo Middle East insurance is easy to set up and claim. Our dedicated teams will take care of the entire process for you, from initial quotation to claim resolution.

We make claims easier. Our claim process is thoughtfully designed to reduce claims hassles and receive reimbursement up to the invoice value of your cargo with online claims filing. Claims are handled directly by the relevant insurance company. It features a simplified claims procedure with efficient and easy processing, support, and updates.

Our coverage packages also include: 

• Stock throughput
• International and domestic transit 
• Tailor-made coverage with specific wording related to the industrial categories

Our industry-leading portfolio of supply chain insurance services safeguards your cargo from a wide range of risks. You will receive the following benefits:

If you want to move cargo overseas but are concerned about its safety, then only hoping that nothing goes wrong in your supply chain isn't an effective risk-mitigation approach. Cargo transportation comes with a probability of risk. Having a solid cargo insurance policy in place is advantageous and a crucial prerequisite for moving cargo. Insurance allows for safeguarding the value of the goods against any losses that might occur during loading, unloading, or transportation; either your shipping by air, ocean, or land.

Why would I be concerned about the safety of my goods even while shipping with a trustworthy carrier?

Every shipment we deliver is handled carefully and with the utmost attention. However, international rules constrain carriers' liability and impose restrictions on possible pay-out limits. We attempt to safeguard your goods by providing sought-after partial and comprehensive insurance options designed to compensate for physical damage or loss risks. Our various insurance options feature:

• A variety of flexible policies
• All-risk coverage availability
• Qualified insurance teams

Vervo Middle East's individualistic approach to logistics solutions allows you to choose the one-to-one cargo insurance option that’s right for you. Clients’ requirements are different. That's why we work closely with risk managers to offer personalized coverage, backed up by:

• Market-leading capabilities
• Flexible underwriting
• Solid financial valuations 
• Fast claim handling

General liability, freight classification, shipping route, shared values, type of cargo, loss history, and other relevant factors are all included in calculating your freight and cargo insurance value and its total cost.

Our insurance specialists are experienced in multiple transportation modes, customs brokerage, and international shipments to provide you with better insight into your risks.

By collaborating together, we will develop the most suitable insurance plan for your shipment and your needs. At Vervo Middle East, we help you determine how much you can insure your cargo, depending on your wishes and possibilities.

We will also guide you through weighing the insurance costs with the potential losses and collateral damage that could occur without insurance.

Sometimes the tiniest error might turn into the most serious threat. If anything goes sideways throughout your supply chain, you might face big surprises unless you know the differences between the real insurance policy, declared value, and carrier liability coverage.

• If shipment never arrives or is damaged during shipping, you want to guarantee you’re covered. 

• While the one-size-fits-all carrier liability can be a perfectly adequate way for some shippers to protect their goods in transit, it’s simply not insurance. 

• There are several exclusions to carrier liability or commercial insurance policies that might surprise you. Not to mention the legal expenses you may have to incur to win your claim.

• Relying only on declared value or the carrier's liability to cover your loss could leave you frustrated by unpaid freight claims in case of unpredictable events like damage, loss, or delay. 

• With critical gaps in carrier liability, your compensation may fall far short of covering your actual loss.

If you are shipping to or from the UAE, Vervo Middle East offers you wider coverage than the standard marine insurance terms. Through our strategic position and reliable partners, we efficiently cover major ports and airports in the United Arab Emirates.

At Vervo Middle East, we offer real peace of mind and fewer headaches with real cargo insurance solutions to mitigate risk and safeguard your supply chain.

• Take the frustration out of unpaid freight claims and protect your margins.
• Understand how you're covered and the impact a loss can have on your bottom line.
• Customize a risk-mitigation alternative for your unique business, 
• Get pre-known terms and all potential possibilities outlined with their interpretations to agree on them in advance.
• Expanded your coverage to include your warehoused inventory.

Without having true insurance in hand, if anything unpleasant has already occurred to your shipment, nothing helpful might happen.

At Vervo Middle East, we offer real peace of mind and fewer headaches with real cargo insurance solutions to mitigate risk and safeguard your supply chain.

• Take the frustration out of unpaid freight claims and protect your margins.
• Understand how you're covered and the impact a loss can have on your bottom line.
• Customize a risk-mitigation alternative for your unique business, 
• Get pre-known terms and all potential possibilities outlined with their interpretations to agree on them in advance.
• Expanded your coverage to include your warehoused inventory.

Without having true insurance in hand, if anything unpleasant has already occurred to your shipment, nothing helpful might happen.

Contact us now to value your insurance and get your price offer!