NMU launches new revamped Cargo product
Award-winning specialty insurer NMU is delighted to announce the launch of its new Cargo product.
The launch advances one of the most comprehensive, but yet clear and easy to understand cargo wordings in the UK market, incorporating new extensions for financial loss, unauthorised occupants of vehicles and unexpected return of goods.
In conjunction with the new wording, NMU also delivers a Fast Track Claims initiative.
Fast Track Claims gives cargo policyholders the ability to submit claims up to GBP2,500 via a simple web form with no supporting documentation required. Submissions will be reviewed within 72 working hours by NMU and settled by BACS if criteria are met.
NMU Claims Manager, Marc Thomasson commented, “Today more than ever, efficient and expedient claims handling are essential, allowing policyholders to resume their operations and manage their day-to-day business as quickly as possible.
“It’s when a loss occurs that you really need your insurer to act – promptly and unbureaucratically.
“Our innovative new Fast Track Claims portal delivers exactly that and enables NMU clients to receive the swiftest claims payment service in the market.”
Seeking to further complement the enhanced cargo offering, NMU’s ongoing partnership with specialist risk management consultancy BSI has been extended, allowing us the opportunity to develop and deliver a range of “supply chain” analysis services, which when introduced, will be directly accessible by NMU policyholders.
Risk Control Manager, Ian Allman said, “Our collaboration with BSI will enable NMU brokers to further support their clients and, through leveraging the consultative partnership in place, to better understand clients’ supply chain risk and exposure with a view to addressing potential areas of vulnerability. We strongly believe that prevention is better than cure.
“Combining BSI’s vast experience in supply-chain security and risk management together with our own expert understanding of the cargo insurance industry, this enhanced partnership will provide policyholders with the necessary knowledge and skills to take a proactive approach to becoming more resilient in their supply chain operations, as well as helping to reduce losses and claims.”
Cargo and Freight Underwriting Manager, Guy Smith concluded, “We are delighted to be able to bring a new cargo proposition to market that will support our policyholders and brokers in all of these areas.
“Providing an enhanced level of cover in an easier-to-understand format and a hugely simplified claims process for the lower value losses, will reduce the time spent by policyholders on insurance matters and the enhanced risk management offering enables us to bring a wealth of expertise to them, ensuring they have the tools to protect their businesses.
“We believe this new proposition supported by our extensive team of experienced underwriters, claims handlers and risk management consultants, combined with our exceptional financial strength and stability, makes our cargo package second to none.”
To speak to someone at NMU about the their new Cargo product, CLICK HERE, leave a message and youTalk-insurance will pass your enquiry on.
About NMU
NMU is an award-winning provider of specialty insurance solutions
We are the first choice for brokers looking for specialty insurance, offering solutions that are not simply off-the-shelf, but built upon a real understanding of the risks faced by policyholders. This, together with our ability to write risks such as storage, installation, construction and exhibitions outside of the UK and offer terrorism cover on overseas property, sets us apart from the competition.
You can count on us, when you need us most! We are NMU
Our team of professionals based across the UK, provides customers with an in-depth product knowledge and a real personal service.
We provide bespoke insurance products that are not simply off-the-shelf solutions, but built upon a real understanding of the risks faced by policyholders as well as offering added value services to benefit our clients.
Our product and services range comprises:
Cargo Insurance: Marine cargo policies cover goods during import and export, including any incidental storage, as well as domestic distribution. Stock throughput polices can cater for all this plus other, intentional storage…read more
Freight Liability Insurance: Covering the liabilities to which hauliers, freight forwarders and warehouse keepers are exposed when they contract to move or store goods owned by others…read more
Engineering Insurance: Covering contractors’ all risks (CAR), erection all risks (EAR) and contractors’ plant; machinery movement (and installation), breakdown and business interruption; deterioration of stock; and electronic risks…read more
Marine Equipment Insurance: Covering remotely-operated and autonomous underwater equipment – ROVs, AUVs and the like…read more
Terrorism and Sabotage Insurance: Standalone terrorism cover can be a more flexible and cost-effective alternative to traditional placement routes…read more
Motorsport Insurance: Designed for commercial risks, our motorsport policy offers 24/7 cover for teams at all levels across all disciplines…read more
Cyber Insurance: Providing SMEs with a simple, robust solution for cyber liabilities, cybercrime and restorative support…read more
Risk Control: Whilst we pride ourselves on our claims service, there is far more benefit to policyholders in preventing loss and damage in the first place…read more
Online Facilities: To complement our award-winning service, we use online facilities to assist NMU policyholders and brokers alike…read more
Claims Management: We pride ourselves on prompt and efficient claims management, which is supported by the use of independent surveyors and adjusters to quantify larger losses and to give advice on mitigation measures…read more