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At Intercont, we understand the increasing complexities and risks associated with containerized shipping. Various unforeseeable factors or unpredictable circumstances can expose your cargo to risks during transit, creating an unfavorable or unnecessary financial strain on you or your customers even before you ship your cargo.
To avoid such situations, it's always advisable to subscribe to a protection policy to save some cash by protecting your interests in the event of such incidents.
However, not many opt for the correct insurance due to a lack of information, which leaves them exposed. Most shippers are either protected by standard container insurance, i.e., ITC-B (limited perils cover) or accidental damages cover only. However, what is left behind is the most critical aspect of your insurance segment – "Container Insurance" or usually referred to as Empty/Transit Container Insurance in layman's terms.
Generally, the majority of shippers usually opt for standard insurance policies that cover them with limited liabilities or choose to skip to save some quick bucks. This leaves them in the cold when it comes to securing a claim that meets a "Container Accident."
Large volume containers presently in transit remain uninsured, and the risk is usually managed by their logistics partners based on their capacity, leaving it more open, compromised, and complicated in the event of unforeseen circumstances. This leaves shippers inadequately equipped for their container damage, loss, and claims.
Our best-in-class container transit insurance, Protect+ Plus showcases our deep experience and understanding of such scenarios, offering shippers, SMBs, and even large enterprises the ability to manage their exposing and developing risks.
Covers all forms of potential risks toward the loss, damage of containers, including theft during origin transit, right from empty yard pick-up until the container is gated in at the port of loading, and claims against such events.
Unlike others, we cover all forms of dry and special containers, including Reefer Containers too.
Yes, you heard it right, the fastest ever, 10 Days claim settlement.
Freedom to choose from options that fit your needs - Ad-hoc (One-off cover), Pre-defined (Defined or Yearly) models to save you from minimum administration effort.
Our wholesale priced coverage ensures you get the best protection at an unbeatable price.
Always on your side with in-house representatives for subscription, claim handling, processing to reduce your administration effort.
Disclaimer:
^ is claimed considering average claim settlement time for conventional cargo claims by other competing companies, ICICI Lombard settles claims of up to Rs 5 Lakhs by MSMEs within 10 days.
# Loss, Damage of Containers is limited to [Physical Loss, Container Shell, Property Damage] during transit at origin only, intended for export movements within India; till the time it is in custody of customer.
~ Coverage is applicable to empty container’s [Container Shell] only & not cargo inside container.
* Charged per container basis for bookings made thought Intercont Freight Liners & billed per BL.
The major exclusions under a Container Insurance Policy are as follows
Don't let unanswered questions bring your quest for a perfect insurance to a halt. Browse our FAQs to get more clarity on our container insurance policy.
Protect+ Plus is Container [Transit] Insurance & Protect+ Pro is our flag ship Perishable Cargo Insurance.
Container insurance can also be confused with cargo insurance. And most often, these two terms are used interchangeably. To avoid the confusion, let’s distinguish the two for you. Container Insurance protects you from Loss, Damage of Containers is limited to [Physical Loss, Container Shell, Property Damage] during transit at origin only, intended for export movements within India; till the time it is in custody of customer. However, Cargo Insurance, protects your cargo inside the container from damage and not container.
Coverage is applicable to Empty Containers only, No content inside the container is covered
Charged per container basis for bookings made thought Intercont Freight Liners & billed per BL.
Detention and Demurrage charges by lines of all types are out of scope of this proposal event if insured party retains container for damage inspection.
Container damages which will be identified at ‘Port of Discharge’ are excluded from the scope of this cover
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