About Us
For two hundred years, the modus operandi of the insurance industry has been to follow the status quo. Today, protecting and growing your business demands a new perspective. It is time for a different way of looking at risk.
LEARN MORE
Team
Koru offers peace of mind by building and managing efficient risk management solutions that align with our clients’ business objectives.
LEARN MORE
Helping Others
Koru Risk Management prioritizes supporting non-profit and community-based charitable organizations dedicated to enhancing the well-being, inclusion, and essential services for our community's most vulnerable members.
LEARN MORE
Commercial Insurance
KORU Korner Overview
Blog
The latest insurance industry news, insights, and thought leadership from Koru Risk Management.
LEARN MORE
News & Articles
The latest insurance industry news and articles to help clients stay abreast of the topics that matter most.
LEARN MORE
Cargo and transit insurance, often referred to simply as cargo insurance or marine cargo insurance, is a specialized type of insurance coverage designed to protect goods and merchandise while they are being transported from one location to another, whether domestically or internationally.
Types of Policies:
Cargo and transit insurance policies can vary in scope and can be tailored to suit the specific needs of the shipper or cargo owner. Common types of policies include:
All Risk: This provides the most comprehensive coverage, protecting against a wide range of perils, with certain exceptions clearly specified in the policy.
Named Perils: These policies cover only specific risks that are explicitly listed in the policy. Common named perils might include fire, theft, collision, and certain natural disasters.
Inland Transit Insurance: Designed for goods being transported within a country, this coverage typically includes both land and waterway transportation.
Ocean Marine Insurance: Primarily focused on goods transported by sea, ocean marine insurance is crucial for international shipping.
Additional Considerations
Cargo and transit insurance is a crucial safeguard for businesses involved in the movement of goods, whether domestically or internationally. It provides protection against a wide range of risks that can occur during transit and ensures that businesses can recover financially in the event of loss or damage to their cargo.
The intricate field of insurance is often challenging for businesses to navigate. The emergence of Insurance Risk Purchasing Group (IRPG) or more commonly known as Risk Purchasing Group (RPG) offers a collaborative approach for organizations to streamline their insurance procurement processes.
The habitational insurance market is facing a multitude of hurdles when it comes to casualty placements. Casualty markets in the habitational space have been adjusting prices due to increased loss activity and the continued impact of social inflation. Within this landscape, property owners, insurance companies, and brokers are confronted with a new reality. There are few markets offering General Liability (GL) coverage. It’s also difficult to find markets willing to participate in the lead $5M of excess coverage, making the marketplace even more challenging. To succeed in this demanding market, one must strike a careful balance between innovation, robust risk assessment, and adaptability.
Senior living facilities remain under pressure from rising costs and staff shortages. Some are looking to reduce expenses through alternative liability insurance. New market entrants may offer lower prices, but is a new carrier the right solution over the long-term?
The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data-driven expectations with their clients.
Request a Risk Assessment today!
