Insurance
Get affordable cargo insurance plans that are well suited to your
needs and enjoy hassle-free claim settlements.
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Overview
It’s time to take control of your cargo insurance needs. With our convenient and cost-effective insurance policies, we have you covered.
In just minutes, you can digitally obtain a quote for the cargo you need to ship. You’ll be able to insure all the cargo under one policy, so you can spend less time worrying about insurance, and more time focusing on your business.
Our insurance policy will help you gain cover for your goods for a fraction of the shipment value-and it works with 99% of commodities! Plus, our automated claims process ensures that every claim will be resolved within 14 days from when your fully documented claim is received. And the best part? Our cargo insurance is valid across the globe.
Your Cargo is covered by Cargo Insurance Policy according to the Institute Cargo Clauses (A), which cover All Risks of Loss or Damage.
This means that, with the exception of the exclusions, your items would be protected against any physical loss or damage caused by an external cause.
With ECU360’s easy-to-use online platform, you’ll have no trouble selecting the best cargo insurance policy to protect your goods from loss or damage anywhere in the world.
This means that, with the exception of the exclusions, your items would be protected against any physical loss or damage caused by an external cause.
With ECU360’s easy-to-use online platform, you’ll have no trouble selecting the best cargo insurance policy to protect your goods from loss or damage anywhere in the world.
60 Seconds
Or less to get your customised insurance quote
< 14 Days
Turn around time for Insurance claim closure
92%
and above rated consistently in customer satisfaction survey
How it works
Log on to the ECU360 platform
Secure your shipments with the insurance services available on the ECU360 platform by logging in.
Click on new quote, enter cargo details and get a quote
Obtain a customized insurance quote for your cargo in just a few clicks by navigating to the 'New Quote' section on the ECU360 platform and entering the necessary details.
Select insurance service and enter your cargo value
Simplify the process of securing your cargo by using the ECU360 platform to select insurance coverage and provide the cargo value.
Verify the insurance quote, check policy terms and exclusions save quote and book shipment
Make sure your shipment is fully insured by verifying the quote, understanding policy terms and exclusions, saving the quote, and booking with the ECU360 platform.
ECU team verify the documents and the insurance certificate will be issued by our partne
Get the peace of mind you deserve, with the ECU team verifying the necessary documents, and the insurance certificate being issued by a trusted partner.
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While we have processes in place and handle everything from loading to delivery, there are times when things are out of our control such as weather conditions, or other unexpected problems which could lead to loss or damage of cargo.
Insurance is how you protect your goods and yourself from damage or loss. Our insurance policy will help you gain cover for your goods for a fraction of the shipment value. You get to sit back, relax and track your shipment.
Typically, it is the goods’ value at the invoice cost, along with freight charges and an additional percentage of the total of those amounts (normally around 10%). The additional percentage is for contingency in the exchange rate, additional freight rate, or for any charges that we incur which aren’t defined at the time of booking.
Every insurance policy contains a few exclusions [common to all cargo insurance policies]. For instance, the policy will not cover damages or loss due to:
- Wilful misconduct of the insured
- Inherent vice or nature of goods
- Ordinary leakage, loss in weight or volume
- Wear & tear Insufficient packing or preparation of goods
- Deliberate Delays
During shipment, apart from regular information, you will have to provide a few additional but necessary details, such as the commodity type and total value of the cargo along with details pertaining to the policy holder.
The maximum amount of cargo that can be insured each shipment is USD 1 million (or equivalent in other currencies).For higher value cargo, contact our office for more details.
The insurance policy available covers 99% of the commodities. That said, there are a few which do not fall under this category, such as explosives, flammables, antique & collectors’ pieces, high value pharma products, flowers and plants of any kind, diplomatic goods, personal items and consolidated cargo. When you request an insurance premium rate, make sure to check if the commodities you wish to ship are not in the exclusion list.
No. insurance covers all cargo from the time they are moved even before loading onto the vessel, all the way to unloading at the destination.
Your cargo is covered by your cargo insurance policy according to the Institute Cargo Clauses (A), which cover All Risks of Loss or Damage. This means that, with the exception of the exclusions, your items would be protected against any physical loss or damage caused by an external cause.
The insurance cover we offer is valid across the globe excluding some countries
Unfortunately, no. Once the papers have been submitted and shipment has been confirmed, you cannot change any detail.
You can cancel before the shipment is ready for movement from the place of origin. For more details, visitwww.ecu360.com
The entire process is automated and therefore all claims will be resolved within just 14 days from when your fully documented claim is received.
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