DP World launches cargo war risk insurance for Middle East trade routes
DP World has launched a first-of-its-kind cargo war risk insurance solution for companies trading in or through the Middle East. The programme is designed to address disruption on regional trade routes where traditional insurance has become fragmented, costly and often unavailable.
The coverage is described as end-to-end, extending across the full supply chain from ocean or air transit through port storage and inland delivery. DP World said the structure closes gaps left by conventional policies, which typically insure only a single leg of the journey.
The policy covers physical loss or damage caused by war-related risks, including conflict, civil unrest, seizure and derelict weapons. DP World said all valid claims will be settled with zero deductible.
The company also said it has secured pricing that is significantly more competitive than standard war risk premiums. The programme is available to all companies trading in or through the Middle East and is intended to support supply chain continuity across key corridors, including the Arabian Gulf, the Red Sea and surrounding inland routes.
Options include standalone ocean, air or land transit policies, automatic port storage cover for up to 14 days, and coverage limits of up to $400 million per shipment and $1 million per inland movement.
