28 September 2016News

XL Catlin introduces a logistics services insurance policy for US risks

XL Catlin has introduced a new logistics services insurance policy to help US businesses manage the risks of storing, handling and transporting goods.

XL Catlin’s logistics services coverage solutions provides a logistics company with tailored inland marine insurance for virtually any commodity, helping address risks associated with order processing, packaging, consolidation, inventory control, transportation, warehousing and data management.

“An accident on the road, a theft of a cargo trailer or the crash of a computer system, these are among the operational and potentially very disruptive risks that logistics companies contend with every day,” said Anne Elder, XL Catlin’s chief underwriting officer for marine insurance in the Americas.

“We’ve developed insurance coverage to address the broad range of logistics exposures whether in route or onsite.”

Alexander McGinley, vice president of XL Catlin’s marine business in the Americas, said: “Supply chains are complex but insurance coverage to manage those risks does not have to be. To help, we’ve taken an extensive look at the potential exposures any one logistics company can face and created a comprehensive coverage portfolio. We also cover goods transported on a wide variety of conveyances, including by drone.”