Project Cargo Insurance
As global demand for energy, transport, and infrastructure grows, so do opportunities to exploit natural resources.
If you’re in the business of supplying or transporting heavy-lift machinery to meet those needs, or investing in clean power in developed countries, this policy will protect against loss, damage and delays.
The parties it covers
Today’s supply chain for a modern infrastructure project can involve numerous manufacturers from several countries, differing contractors and a complicated array of supply routes involving any combination of land transport, sea, river, rail, road or air.
Our *Project Cargo Insurance provides clients with the protection to meet the needs of all parties concerned, including:
- Owners and principals
- Managing contractors and main contractors
- Contractors and subcontractors
- Manufacturers and/or suppliers
- Banks and/or financial institutions
* Project cargo is defined as a set of shipments of an agreed value over a set period of time for a construction project.
The areas it covers
Our insurance policy covers projects that include:
Chubb Underwriting Initiative of the Year
Chubb’s Marine Logistics Pillar was awarded the ‘Underwriting Initiative of the Year’ in the InsuranceAsia News Awards for Excellence 2021.
Insurance is issued and underwritten by Chubb Insurance New Zealand Limited NZBN 9429040398037, FSP No. 35924 (Chubb). Please review the relevant policy wording to understand the terms, conditions, limits, and exclusions to decide if the product is suitable for you. Any information provided is general information about our insurance product and not financial advice.
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