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Post-COVID, the project cargo sector has seen growth, especially in developing nations due to the need for energy and infrastructure.
Heavy duty solutions
Modern project supply chains face a myriad of logistical challenges. The landscape is continually evolving with new trends and technologies coming to the fore. The risks faced by project stakeholders have never been greater and any delays in project cargo reaching its destination could have a significant impact on the financial success of the project. To mitigate these risks, you need a flexible, tailored insurance solution developed by leading specialists and trusted advisors who understand that your project is unique. This is where the our Project Cargo team can assist.
Typical industry coverage
Power
Green power and renewables
Energy
Buildings
Infrastructure
Utilities
Manufacturing and production
Project cargo shipments often require specialised equipment and expertise to transport oversized and heavy cargo
What is project cargo and delay in start-up insurance?
The product provides your business physical loss or damage cover for project cargo or heavy lift equipment whilst in transit and in storage throughout the supply chain. It also covers consequential financial loss following a delay
to the commercial operation date of the project, triggered by a physical loss or damage event involving the cargo or the carrying conveyance.
Typical insured include project owners and principals, manufacturers, suppliers, contractors, freight forwarders and logistics companies, financiers and more.
Project cargo insurance experts
Romain Hemery
Head of Romandie and Marine
Romain.Hemery@lockton.com
+41 79 867 30 20
Get in touch
Co-ordinated cargo expertise you can trust, worldwide.
Navigating the ever-changing landscape of cargo operations requires more than just knowledge; it requires finesse. That's why we create co-ordinated and bespoke programmes that ensure every pound spent on premiums translates into maximum coverage, giving you peace of mind. We're not just about securing the best insurance partners; we're about crafting a holistic risk strategy. Cutting through the jargon to help you anticipate loss, prevent it and recover swiftly when the unexpected happens. By working together with the specialist teams across Lockton, we deliver solutions tailored precisely to your needs.
Insights from our experts
We're here to help
Whatever your business, if you move it or store it, you should insure it through our experts.
Talk to an expert