Associate Marine Insurers Pty Ltd, provider of marine cargo and transit insurance in Australia and New Zealand, has launched a new Goods in Transit (Carriers) insurance policy – a first for New Zealand.
Goods in transit insurance provides the carrier with the ability to have commercial settlements made to their customers for loss or damage to their goods or livestock from an insured event at the carrier’s request, irrespective of their liability. If the carrier chooses not to accept the customer’s claim, the policy remains in force, with agreed legal costs covered, should the carrier elect at a later time to accept the claim.
“The new Goods in Transit (Carriers)insurance policy means that not only can carriers protect their important client relationships but they can now have a total risk management package, which will protect their cash flow,” commented Mr Stephen Ford, Managing Director at Associated Marine.
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