9 January 2024Article
Cargo Insurance Update

Given the recent security issues in the Red Sea, especially concerning acts of terrorism, please see the following update regarding the coverage provided under the Woodland Global All Risk Policy.

Considering recent security concerns in the Red Sea, particularly acts of terrorism, please find below an update on the coverage provided under the Woodland Global All Risk Policy.

The safety and security of your cargo remain our top priority. We are actively monitoring the situation and taking all necessary precautions to ensure the safe passage of your shipments through the Red Sea.

We want to emphasise that, if you have purchased cargo insurance through Woodland, acts of terrorism are covered under the standard terms and conditions of your Woodland Global All Risk Policy.

In the unlikely event that your cargo is damaged or lost due to a terrorist attack in the Red Sea, rest assured that your claim will be evaluated and processed in accordance with the policy terms.

For customers with their own insurance policies, we recommend verifying with your respective provider to confirm whether acts of terrorism are included in your coverage.

It is crucial to have a clear understanding of the full extent of your protection, especially in this critical situation.

We acknowledge that these times may be concerning, and we are committed to keeping you informed and supported throughout this period.

Our team will continue to closely monitor the situation and provide updates, as necessary.

Thank you for your trust in Woodland Global. We appreciate your understanding and cooperation during these challenging circumstances.

If you have any questions or require further assistance, please do not hesitate to contact your account manager or reach out to us here.

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