PROTECTING YOUR SHIPMENTS FROM UNEXPECTED DELAYS
WIS’s Parametric Delay Coverage insures your business from interruption risks, consequential losses, and financial losses arising from unexpected cargo delays. This coverage bridges the gap in cargo delays – an important insurance to have in place, as events happen regularly that are out of the logistic providers’ control. With this insurance, your shipments are protect from:
- Additional Freight Costs: delays resulting in additional logistical expenses and costly express shipments
- Consequential Losses: contractual liabilities, liquidated damages, missed timelines/SLAs, and penalties that impact clients’ bottom line
- Commodity & Market Losses: delays affecting timing in commodity sales, resulting in price losses, cargo value deterioration, and additional costs of funding
Industries benefiting the most from having a Parametric Delay Coverage policy:
- Perishables
- Pharmaceuticals
- Automotive parts
- Aerospace
- AOG, MRO, Aviation parts
- Hi-Tech
- Confidential Documents
- Fashion
- Any others related to time-critical situations