Marine Cargo & Stock Throughput

Admitted marine insurance coverage for goods in transit and goods in storage.
Cargo Ship

Does your insured’s business import or export its products? Do they source raw materials or distribute/sell manufactured goods overseas? If you answered “yes” to either of these questions, Marine Cargo insurance should be considered an integral component of your client’s business stability strategy.  

Trillions of dollars of goods and merchandise are shipped around the world each year, resulting in high-risk cargo exposures.

These risks can affect many industries, including manufacturing, distribution, healthcare, energy, construction and technology. Marine Cargo insurance covers physical loss and damage of goods while in transit between the point of origin and the final delivery.

Amwins Program Underwriters is dedicated to providing expertly crafted Marine Cargo & Stock Throughput insurance to a variety of industries. 


Target Clients

  • Importers and exporters
  • Manufacturers 
  • Wholesalers
  • Retailers
  • Multi-national companies
 

Types of Risks We Cover 

  • Worldwide transit of goods by land, by sea, and by air
  • Worldwide storage of goods as inventory at warehouses, distribution centers, 3PLs
  • Goods in transit and storage as raw material, work in process, or finished product
  • Project cargo (excluding delay-in-startup)
  • Primary or excess layers
 

Why Choose APU?

  • We value service above all and are committed to helping you and your clients navigate the complex risk factors of the cargo industry.
  • Our seasoned underwriters have decades of experience and expertise in providing creative solutions to protect your client’s assets and avoid costly disruptions.
  • We offer a broad underwriting appetite with the ability to provide custom solutions on a per-risk basis.
  • By offering this program on 100% U.S. Admitted paper, our brokers and insureds benefit from faster claims handling, no surplus taxes, and much more. 
  • In the event a claim does arise, claims are processed in-house by specialty marine adjusters via our carrier partner.

Cargo Insurance Program
Key details

Availability

This program is available in all states

 

Limits

$25M capacity per conveyance and location 

 

Minimum premium

$5,000

 

Carrier

  • A.M. Best "A+" rated
  • 100% US Admitted
  • In-house claims handling

Submission requirements

  • Completed application
  • Five-year loss history
 

Cargo application

Ready to submit a cargo application? Please click below.

Click Here

 

Contact Us

Samuel Chung
Senior Vice President, Head of Cargo Underwriting
Amwins Program Underwriters - New York, NY
212.858.8969 samuel.chung@amwins.com
Mitchell Knutson
Senior Underwriter
858.527.3034 mitchell.knutson@amwins.com