Increased cost of working

A specialist cargo policy extension, which protects against additional expenses incurred in a specified period, for lost or damaged cargo.

Some examples are:

  • if new machinery is lost, or is damaged in transit, requiring repair, the importer may need to incur additional expenses to keeping old plant running
  • if film negative is lost, or is damaged, in transit on the way to the processing laboratory, there may be additional costs in re-shooting
  • if architectural or other plans are lost or damaged in transit before there is an opportunity to duplicate the drawings, there may be additional costs in redrafting.

Please Read This Important Information This on-line information is provided by Vero Marine and is intended to provide summary information of the main features of this Vero Marine product. For further information on this product, please speak to your broker / adviser about Vero Marine products. A decision to purchase this product should be based on more comprehensive detail than is provided by this summary and you should not rely solely upon this summary. The policy document describes in detail the benefits provided, exclusions and how your policy works. The Vero Marine product described in this on-line information is offered by Vero Marine and is only available within New Zealand.

    Vero Marine sells its products through independent brokers. You can find a broker near you with the help of the Insurance Brokers Association website...