Marine Cargo Insurance
Take no chances. Get comprehensive cover for your cargo through Bankook Group Cargo Insurance.
Prepare for the unexpected with our marine cargo insurance policies. Protect your freight from financial exposure, physical loss, and damage while in transit for more peace of mind.
- Avoid uncertainty with “all-risk” coverage for your standard commodities.
- Gain flexibility with transactional purchases or an annual policy.
- Streamline the management of your claims with support from our dedicated claims team.
When it comes to supply chain, you know that sometimes the smallest oversight can manifest into the biggest threat. These risks can damage your cargo at any time, at any step of its journey, from source to destination.
That’s why, your cargo deserves nothing but the best insurance solution in the market. An insurance policy that will cover most types of cargo, from door to door with greater ease of not just buying it, but also processing it.
Bankook Group takes out Cargo Insurance and by choosing this product you may also benefit from our sought-after comprehensive ‘all-risk’ insurance coverage for loss or damage to your cargo.
Key benefits of Marine Cargo Insurance
Coverage
Pricing
Claims
Risks covered
What sets our cargo insurance policies apart
The combination of marine cargo insurance and our seamless, multimodal set of global services is key to reliably meeting all your logistics services and technology needs. We work with a leading insurance company to deliver customized coverage at affordable rates, including no- or low-deductible options.
Whether you need coverage occasionally or all the time, our flexible options—from transactional to annual coverage—can provide you with the right service when you need it. And in the event of damages or loss, trust our dedicated claims team to help process and resolve claims quickly and efficiently.
Frequently Asked Questions
Browse through some of our most raised questions on Bankook Group Cargo Insurance. We hope they give you more clarity on our comprehensive insurance solution and how we compensate in case of loss or damage to your cargo.
Under a cargo policy, you would usually value goods at the invoice cost, freight charges and an additional percentage of the total of those amounts (normally 10%). The additional percentage accounts for charges that may be incurred during shipping but aren’t known at the time of booking.
Under a cargo policy, you would usually value goods at the invoice cost, freight charges and an additional percentage of the total of those amounts (normally 10%). The additional percentage accounts for charges that may be incurred during shipping but aren’t known at the time of booking.
For reefer commodities, your policy will contain a few exclusions, which are common in cargo insurance policies. Find out more on the exclusions here.
Maximum insurable cargo value per shipment is EUR 1 million (or equivalent in other currencies).
Maximum insurable cargo value per shipment is EUR 1 million (or equivalent in other currencies).
The insurance covers 99% of the cargo. However, there are a few commodities for which insurance is not offered online, such as: antique and collectors’ pieces, explosives, flammables. You can request your insurance premium rate here and check if your commodity is covered.
