Financial
Combined Single Limit Policy
Insurance policy establishing a single maximum coverage amount for all combined liabilities, instead of separate limits by risk type. Simplifies insurance administration.
Insurance policy establishing a single maximum coverage amount for all combined liabilities, instead of separate limits by risk type. Simplifies insurance administration.
Insurance policy establishing a single maximum coverage amount for all combined liabilities, instead of separate limits by risk type. Simplifies insurance administration.
Umbrella Policy
Additional liability insurance providing coverage above the limits of primary policies. Protects against catastrophic claims exceeding basic cargo insurance coverage.
FinancialExcess Policy
Insurance that comes into effect only after the primary policy coverage is exhausted. Unlike the umbrella policy, it generally follows the same terms and conditions as the underlying policy.
FinancialMarine Cargo Insurance
Policy protecting the insured against losses or damage to goods during maritime transport. Can cover from basic risks to all risks depending on the contracted ICC clause.
FinancialInsurance Premium
Amount paid to the insurer as consideration for cargo insurance coverage. Calculated as a percentage of insured value (generally CIF + 10%) considering type of goods, route, and contracted clause.