Prestige Insurance Company offers you to protect your company from unexpected losses that may arise as a result of death or damage to cargo during its transportation..

Advantages of insurance in Prestige Insurance Company:

• avoidance of losses incurred as a result of damage or complete loss of cargo during its transportation;
• obtaining compensation not only for the costs of the general accident, but also for the expedient costs of salvage of the cargo and the costs incurred in order to reduce the amount of damage;
• guarantee of a high degree of insurance protection at moderate insurance costs and timely payment of insurance indemnity;
• strengthening the financial stability of the enterprise and guaranteeing the fulfillment of obligations to counterparties under any circumstances;
• the ability to independently choose an insurance program based on their own needs and business characteristics.

What is insured? 

Any cargo transported by any means of transport, except dangerous goods approved by UN regulations..

Who can act as an insured? 

Capable natural person or legal entity, regardless of ownership, resident and non-resident of Ukraine..

What is an insured event? 

Damage, destruction or complete loss of cargo, as well as additional expenses of the insured that may arise as a result of transportation of goods by any means of transport..

What is the size of the sum insured? 

• is set in accordance with the amount declared by the Insured (insurance value of cargo);
• can be established for a separate insured event, for the first insured event, a group of insured events, an insurance contract as a whole;
• can be installed separately for each insured unit of cargo or aggregate (batch, group, category) of cargo.

The sum insured may include additional costs associated with the transportation of the insured cargo and determined by the Rules.

When insuring cargoes transported on CIF and CIP terms in accordance with the International Rules for the Interpretation of Commercial Terms (Incoterms Rules 2010), the sum insured may be set at 110% (one hundred and ten percent) of the value of the cargo and freight specified in the contract of sale.

For how long can an insurance contract be concluded? 

The contract may be concluded for:

• term of single (one-time) transportation;
• the term of transportation of the entire specified volume of cargo in accordance with the contract or supply contract;
• term of transportation of a certain volume of cargo during a certain period;

If it is difficult to determine the period of transportation (for example, for rail transportation over long distances), the insurance contract may provide for the establishment of a time limit for the validity of insurance coverage for one transportation.

Insurance options

«With liability for all risks»  —  damages from loss or damage to all or part of the insured cargo, which may occur as a result of hazards and accidents to which the goods are exposed during transportation, are reimbursed.

«With liability for certain risks»  —  damages from damage or destruction of all or part of the insured cargo that may arise as a result of:

• the effects of fire, lightning, storm, vortex or other natural disasters;
• catastrophes or collisions of ships, aircraft, ground vehicles with each other, or with any indestructible object or moving object, including ice;
• stranding, stranding, sinking or capsizing of a vessel, lighter or barge;
• unloading of cargo at the port of distress, if it was caused by the risks against which insurance was carried out;
• overturning or leaving the track of a land transport;
• bridge failures, destruction of warehouse buildings;
• fires on a ship, aircraft or ground transport, as well as means taken to rescue cargo or extinguish a fire;
• the disappearance of a vessel, aircraft or land transport vehicle;
• accidents when receiving fuel by a transported vehicle;
• accidents when loading cargo onto a means of transportation;
• accidents when unloading cargo from a conveyed vehicle;
• penetration of sea, river or lake water into a vessel, lighter, barge, hold, other means of transport, container or place of cargo storage;
• fall of manned aircraft, their parts or cargo onto the insured cargo..

«No liability for damage, except in case of catastrophe» — damages from loss of all or part of the insured cargo, which may occur as a result of:

• the effects of fire, lightning, storm, vortex or other natural disasters;
• catastrophes or collisions of ships, aircraft, ground vehicles with each other, or with any indestructible object or moving object, including ice;
• stranding, stranding, sinking or capsizing of a vessel, lighter or barge;
• unloading of cargo at the port of distress, if it was caused by the risks against which insurance was carried out;
• overturning or leaving the track of a land transport;
• bridge failures, destruction of warehouse buildings;
• fires on a ship, aircraft or ground transport, as well as means accepted for the rescue of cargo or extinguishing a fire;
• the disappearance of a vessel, aircraft or land transport vehicle;
• accidents when loading cargo on a means of transportation;
• accidents when unloading cargo from a conveyed vehicle;
• fall of manned aircraft, their parts or cargo onto the insured cargo..

How much does an insurance contract cost? 

The basic insurance tariff is 0,03 – 0,8% of the sum insured.

The size of the insurance tariff depends on the chosen insurance option, peculiarities of cargo, type of transportation, transportation route, etc.