Learn more about the Open Policy policy.
A formal insurance policy that provides ongoing protection for all shipments within a defined limit and period β similar to Open Cover but issued as a policy with set limits and automatic coverage.
An Open Policy provides continuous marine cargo protection with a fixed coverage limit, eliminating the need for separate policies for each shipment. It's structured for recurring shippers.
The policy automatically covers all declared transits within the agreed parameters against accidental loss or damage, including collision, overturning, and weather-related risks. Depending on the chosen clause (A/B/C), it may also include theft, pilferage, non-delivery, and handling risks. Itβs active until the coverage limit is exhausted or the policy period ends.
Exporters/importers with predictable, ongoing transit, Distributors and logistics companies, FMCG and electronics manufacturers with frequent shipments
Request a free consultation for the Open Policy policy.
