Marine Cargo: Mining, Metals, and Minerals
Published: 26-Jun- 2012 | Product Category: Other
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Companies in the mining, metals, and minerals sectors need to effectively manage their insurable/hazard, financial, and operational risks in light of emerging challenges such as globalization and consolidation, insurance capacity, and geopolitical risks. And risk management and insurance solutions can play an important role in helping you to meet these challenges.
The Marine Practice of Marsh—in collaboration with the Mining, Metals & Mineral Practice—combines dedicated marine cargo expertise with a unique understanding of the risk exposures that confront companies in these sectors. Our goal is to help our mining, metals, and minerals clients extract value from their multinational operations and develop a competitive advantage by providing them with innovative risk solutions.
Marsh is the market leader in the placement and servicing of global cargo programs, providing complete brokerage, administrative, and claims services. Our dedicated mining, metals, and minerals cargo expertise is a reflection of our commitment to serving the needs of clients.
Through the Mining, Metals & Minerals Practice, Marsh places more than US$600 million of premium globally on behalf of its clients. Our diverse range of mining, metals, and minerals clients includes chemical/fertilizer mining operations, blast furnaces and steel mills, underground bituminous coal operations, precious metals and minerals clients, base metal market accounts, and others.
Our extensive range of coverage solutions for clients in the mining, metals, and minerals sector addresses:
- increased limits and excess coverage;
- warehousing coverage;
- marine consequential loss;
- trade disruption;
- voyage frustration and extra expense;
- terrorism coverage;
- inland transit; and
- equipment floaters.
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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