Description
About Berkley Insurance Asia
Berkley Insurance Asia (BIA) is the trading name for Berkley Insurance Company (Singapore Branch) and is one of the member companies of W. R. Berkley Corporation.
W. R. Berkley Corporation is based in Greenwich, Connecticut and is a property and casualty insurance holding company that was formed in 1967. W. R. Berkley Corporation is ranked in the Fortune 500. W. R. Berkley Corporation operates worldwide in two segments of the property and casualty insurance business: Insurance and Reinsurance & Monoline Excess. W. R. Berkley Corporation’s member insurance companies are rated A+ (strong) by S&P and A+ (Superior) by A.M. Best.
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Protects the goods you’re shipping against damage and loss. Covers damage from fire, sea storms, goods being lost overboard, explosions, lightning, and many other kinds of risks.
If your actual total annual value of goods shipped is higher than your initial declaration, your premium will be adjusted at the end of the policy year.
Deductible: $500 each and every claim, or 0.5% of insured shipment value, whichever is higher.
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