Australia-New Zealand Direct Line (ANZDL) has launched a new cargo insurance coverage program. The program, known as ANZCover, is an 'all-risk' coverage, which has no deductible. The line said any claim, supported by proper documentation, is settled within 30 days or less. It said the insurance is integrated with ANZDL's booking system.
'Details can be added to the bill of lading and no additional documentation is required,' the company said.Shippers can organize insurance shipment by shipment, or for greater convenience, on a permanent basis so cargo is automatically insured each time a booking is made.
'When shippers call ANZDL's customer service department they can also arrange their cargo insurance on the spot because the premium can be quoted immediately,' said Andrea Bolch, ANZDL's senior vice president, North America. 'We can confirm the insurance coverage through the normal shipping documents or issue a separate certificate, depending upon the client's requirements.'
The company is partnering with Seven Seas Insurance Co. to offer the coverage. Seven Seas is a marine-only insurance underwriter which is an affiliate of NICOR, the Illinois-based natural gas utility which is also the parent company of Tropical Shipping.