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As goods move across oceans – whether port to port, or warehouse to warehouse – keeping them safe and secure becomes both increasingly important and increasingly difficult. The risks of theft or damage to goods in transit are always present.

To help you to counter these risks, we at AIG offer flexible, tailored marine insurance coverage for importers, exporters, distributors and manufacturers, vessel charterers/operators, inland marine and marine operations in the Philippines and around the globe.

Charterer's Legal Liability

Coverage against liability for physical damages to the chartered vessel (including demurrage) as well as Protection and Indemnity claims. The policy covers the insured for their legal liability and contractual liability as stipulated under the charter party agreement.

Freight Forwarders Liability

Comprehensive coverage for goods in transit, can be enhanced to include warehouse, storage or consolidation risks arising out of their forwarding services as defined in their contract of afreightment.

Project Cargo with Delay in Start-up

Covers all goods and/or merchandise and/or equipment and/or interest of every type and description shipped in connection with the project, and delays in start-up. This indemnifies the project owner for loss of income and related expenses resulting from delay in start-up of a commercial operation.

Terminal Operators Liability

This covers the terminal operator’s liability for damage to vessels, cargo and property of others arising out of its insured operation, while it’s in their care, custody, and control.

Contractor's Equipment

Also known as Contactor’s Equipment cover, this is a comprehensive solution for assets that are moveable or mobile in nature, in transit or in storage, where specialization is needed or where unique exposures exist.

Marine Cargo Insurance

This covers the movement of goods from point A to point B against accidental loss or damage. Clients range from importers, exporters, manufacturers, logistic operators or large cargo (infrastructure) operations to multinational seeking tailored insurance solutions that can be location specific or part of a worldwide master policy program.

Ship Repairer's Liability

Liability insurance for any damage to third party’s vessel while it is under the care, custody, and control of the ship repairer.