Commodity Trade Insurance

Commodity Trade is a business that involves large and often complex risks on a regular basis. Not only the transport and storage of commodities involve risks. As a commodity trader you will also face liability risks and financial and political risks.

Aon Commodity Trade is dedicated to finding the best solutions for your commodity trade risks. We perform this task for every type of commodity and for transactions throughout the world. We have an experienced team of account managers, specialist brokers, claims handlers and administrators who only deal with commodity related business, which is unique in the world.

Over the past 18 years Aon Commodity Trade has build up in depth knowledge on a wide range of commodities. Should a claim arise, we have direct access to the worldwide network of Lloyd's agents who will deal with the claim swiftly. Besides this, we can call on top experts in the field of the commodity concerned. Our claims department ensures that the insurers meet every claim as soon as possible.

Customer Cases:

Sinking ships And then 14.5 million US Dollars worth of Aluminium hit the sea floor. A cargo of aluminium T-bars that sank on a cold, pitch-black night in the Gulf of Finland.

Through the eye of the Needle A cargo of 5,100 mt of bauxite was being shipped from the China to Croatia. During the ocean voyage the vessel hit heavy weather and seawater entered the holds.

Cacao Beans, Futures Trading, Heating and Sweating For the production of a range of goods vast quantities of ‘commodities’ are used. Long-term storage of soft commodities poses its own unique challenges, as does the related trade in futures contracts.