Arnott Marine has launched specialist wording for cargo & stock throughput covers for the wine industry in the UK.
It said that the product was designed to help small and medium sized independent insurance brokers win and retain business in the sector. The product is based on Arnott’s usual “all risks” cargo wording, but with a number of cover extensions as well as a specific basis of valuation designed for the industry.
In addition, the policy also covers the goods while they are undergoing process provided the loss was caused by something other than the process itself.
Arnott Marine can cater for up to £10m in transit or in storage, which can be underwritten 100% or as a leader of a subscription placement.
Meanwhile, Arnott Marine has launched publicly its offshore and subsea equipment product to the UK broker market. The product provides physical loss or damage cover for equipment whilst in use as well as in transit and storage and is aimed at small and medium sized brokers in the UK. Arnott Marine is part of Castle Insurance Services (NE) Limited and underwrites cargo insurance to UK clients via independent insurance brokers, as well as broking fishing vessel Hull & Machinery, P&I and associated covers direct to UK owners and to insurance brokers in the UK and Ireland