Project Cargo

Hands-on project experience for risks of all sizes

Billions of dollars of project-critical equipment are shipped around the world every year. A single shipping failure can turn a $10 million cargo loss into a $100 million delay in start-up (DSU) loss, due to re-fabrication, shipping, expenses, lost profits and other operational costs.

With our market-leading capacity and a truly global reach, we can protect your business against the biggest risks with our comprehensive project cargo insurance.

Allianz Global Corporate & Specialty's (AGCS) underwriting and claims professionals have years of hands-on experience in dealing with project cargo insurance, and are adept at delivering consistently prompt solutions for increasingly volatile and high value risks.

What's more, they work closely with our expert risk consultants and survey specialists to provide comprehensive support for each and every shipment you undertake. 

We serve a wide range of sectors, including energy and renewable energy, construction and infrastructure, chemical facilities, printing, power, steel, and more.

Our project cargo insurance solutions are designed to meet the specific risks of projects of all sizes, including:

 

  • loss or damage of critical components in transit for civil, production and/or infrastructure construction projects
  • DSU and advanced loss of profits for loss of income and profit resulting from late or non-arrival of critical components due to physical loss or damage.
The products and services described on this page may not be available in all AGCS locations. Please contact your local office for full information on local product availability.
Shipping is the lifeblood of the global economy, transporting approximately 90% of global trade. AGCS analyzes the key developments and losses in maritime safety on an annual basis.
Global Head of Project Cargo, Kevin Wolfe, joins the AGCS podcast to help break down the complexities of the project cargo business, and what puts AGCS in a league of its own.

Annual survey identifying business risks

Technology is breeding new threats as well as business models. Traditional risks such as natural catastrophes continue to challenge while other threats such as cyber, neck-and-neck with business interruption at the top of the Allianz Risk Barometer 2019 for the first time, reputational risk, increasing exposure to intangible assets and volatility and consolidation in the corporate environment evolve daily.

Top 3 risks in the Marine & Shipping sector in 2019

  1. Natural catastrophes (34%) - 2018 rank: 1 (34%)
  2. Cyber incidents (32%) - 2018 rank: 2 (31%)
  3. Market developments (28%)  
Allianz operates as an international insurer on almost every continent. Find Allianz in your own country/region.
With the Allianz network AGCS provides services in over 200 countries and territories.