Maersk introduces alternative to cargo insurance for customers

Maersk has introduced an extended liability solution, Value Protect, as an alternative to cargo insurance with the aim to increase customers’ chance of receiving full compensation if damages occur in transit.

Value Protect – valid when the cargo is in Maersk’s custody – covers cargo loss or damage in cases such as fire, accidents due to danger of the sea, theft, natural disasters and damages caused by delay.

Available for commodities shipped in dry containers and selected commodities shipped in reefer containers, the solution can be added to regular cargo insurance or act as a substitute.