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Why Open Policy?

In most instances, importers and exporters will benefit by taking control of their own insurance coverage. You can tailor make your insurance cover, negotiate the best rates, get full, automatic coverage for every shipment and received prompt service through your broker whenever a new shipment incurs, a claim is filed or a question of coverage arises.

Consider the benefits you could enjoy by effecting an Open Cargo Policy through APRC with
the panel of world class underwriters: Thai Yasuda, CGU and AIG.

 1.   A policy tailored to your needs

With an Open Policy the insuring terms and conditions are specifically suited to your individual organization's requirements rather than to the wide diversity of commodities and trades which concern your suppliers or freight forwarders.  

 
 2.    Potential savings

You may benefit from lower rates of insurance because of the fact that all shipments are to be insured with the same underwriters. As time passes by, should your experience be better than average, you can expect reduction in insurance rates. The rates in your Open Policy reflect the known hazards and experience on your commodity as well as the experience you have in trading.

 3.    Automatic, Comprehensive Coverage

As long as your shipments fall within the pre-defined parameters shown in the Open Policy, you will be fully protected. You will be automatically covered by your Open Policy on each and every shipment where you have an insurable interest. The coverage starts the same time your risk commences.

Should the insured omit to declare a shipment, the insurance protection is still provided. This is dependent upon you rectifying such omission as soon as it comes to your knowledge.

 4.       Advance information

If you take an Open Policy, your insurance costs are known from the start. You know which rates apply to your shipments. This means that you can make forward projections and budget more accurately.

For more information, please contact: Khun Wasana Sombuthom
Tel. 01-825-7528 E-mail Wasana@aprc-consultants.com

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