Marine Cargo: Communications, Media and Technology
Published: 25-Jun- 2012 | Product Category: Other
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The Marine Practice of Marsh—in collaboration with our Communications, Media & Technology Practice—combines dedicated marine cargo expertise with a deep understanding of the risk exposures that these sectors face. Our goal is to help our communications, media, and technology clients extract value from their operations by providing them with innovative risk solutions.
Marsh is the insurance-market leader in the placement and servicing of global cargo insurance programs, providing complete brokerage, administrative, and claims services.
Marsh serves many of the leading communications, media, and technology companies. Our diverse range of clients in these sectors include computer (“box”) and equipment manufacturers, mobile operators, cable networks, software, semiconductors, and networking systems.
Extensive Coverage Solutions
Our extensive range of coverage solutions for clients in the Communications, Media and Technology Sectors addresses:
- compliance requirements of revenue recognition;
- stock coverage (manufacturing,distribution centers, and nonowned locations) for emerging countries and catastrophe-prone areas;
- flexible valuation (with an element of business interruption—selling price valuation);
- brands, labels, and trademarks;
- trade disruption;
- voyage frustration, extra expense;
- terrorism coverage;
- unpaid vendors (guarantee of collectibility); and
- inland transit.
Marsh is able to work with insurers in broadening coverage to include such risks as marine business interruption, “cradle-to-grave” stock-throughput protection, satellite launch, equipment installation, and equipment evaluation coverage.
Placement of stock-throughput coverage: Stock-throughput protection is designed to provide competitive global total cost of risk (TCOR) while freeing up property capacity and creating additional capacity within the marine insurance market. The advantage of this type of marine insurance placement over a traditional property insurance placement includes the availability of additional aggregate capacity and lower deductibles for catastrophe perils.
Marshcargo.com: Our complete online policy management system is always available to you at www.marshcargo.com.
Claims expertise: We offer dedicated claims management services before, during, and after a loss, as well as during the contract review stage prior to commencement of shipments.
Benchmarking: Our industry-specific client benchmarking data is available on a global basis.
RECLAIM: RECLAIM Consulting Services—a trading name of Marsh Ltd.—has the specialist skills and expertise to provide a broad range of claims-adjusting, claims management, and recovery services, all of which have the potential to help clients reduce their bottom line financial losses.
Loss control: The professionals of Marsh coordinate global loss-control resources.
Knowledge sharing: We facilitate client roundtables, advisory councils, and seminars.
Team approach: Marsh not only promotes a team-based approach to account servicing, but also offers a distinctively diverse knowledge base across industries through more than 200 global marine cargo brokers.
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