OCEAN MARINE
Logistics appetite and target classes
Class of risk
AXIS has a broad appetite for primary and excess logistics and freight liability risks. Ever-evolving global supply chain challenges present logistics providers with unknowns that AXIS can insure with risk managed solutions.
With freight positioned as the intermediary in the logistics chain, service providers rely on contract certainty, quick responses, attentive customer service, and peace of mind throughout the cargo's journey. The AXIS Logistics team understands these challenges and collaborates with you to ensure seamless transport from loading dock to final destination.
Our target Insureds include: risk managed freight brokers, freight forwarders, forwarding agents, customs brokers, warehouse operators, bailees, logistics providers, and Non-Vessel Operating Common Carrier.
Target classes
Freight of all kind, including:
- Chemicals
- Clothing and textiles
- Construction materials
- Distributors
- Equipment and machinery
- Household goods and personal effects
- Importers, exporters
- Manufacturers
- Medical supplies
- Metals
- Military goods
- Original equipment manufacturers and finished products
- Paper products
- Petroleum products, plastics, rubber
Coverage and capacity
AXIS underwrites logistics risks for the below coverages on a standalone or combined basis with limits up to $25 million available.
- Logistics Package Policy, which can include:
- Cargo Legal Liability (Contractual Liability)
- Warehousemen's Legal Liability
- Errors & Omissions
- Shipper's Interest
AXIS offers flexible manuscript policy options with industry-specific customization to mitigate both the everyday and hard-to-place risks through creative, tailored solutions. We offer a bespoke Logistics Policy and are open to broker coverage forms.
Capabilities
- AXIS can write global admitted business with our underwriting partners in territories around the world
- Available global risk engineering resources to mitigate losses and minimize potential supply chain disruption
- Dedicated AXIS Ocean Marine Operations team to enhance customer service and satisfaction
- Expert in-house claims handling
- As necessary, we can facilitate bespoke claims-handling services to select accounts or markets
- Available risk reviews of master service agreements or other logistics contracts
- Able to quickly issue evidence of insurance
For our financial strength, individual insurance company ratings, and regulatory disclosures by jurisdiction, visit: https://www.axiscapital.com/product-information.
