First Risk Policy
Our policy offers a tailored solution for cargo operators seeking fixed limit protection that safeguards your logistics cash flow while managing deductible exposure. Designed for freight, warehouse and multimodal shipments, this first loss cargo insurance option provides financial certainty and clarity without the complexities of traditional all-risk coverage.
What Is a First Risk Insurance Policy?
The ITUS First Risk Insurance Policy serves as a supplement to your annual policy or as standalone coverage for minor losses. It applies to transactions with Mexican insurable interest as well as domestic and international operations, covering any merchandise not specifically excluded.
Key Features
- Direct payment to the logistics operator (unique in the market).
Advance payment to the client before receiving indemnification from the insurer.
Monthly shipment declaration or integration with ITUS NET (API/portal) to automate processes.
How Does the First Loss Policy Cover the Deductible?
Practical Example:
Total loss from claim: MXN 800,000
Standard cargo insurance pays: MXN 700,000
Uncovered deductible: MXN 100,000
ITUS First Risk Insurance Policy absorbs the deductible up to the contracted limit (MXN 300K, 500K, or 1M).
6 Reasons to Choose the ITUS First Risk Insurance Policy
1. Mitigates financial impact and protects your profit margin.
2. Operates like traditional cargo insurance (with deductibles for theft and damage).
3. Complements your annual policy by covering high deductibles.
4. Direct payment to the logistics operator to accelerate recovery.
5. Advance payment to your client on valid claims to protect your business relationship.
6. Monthly shipment reporting or integration with ITUS NET (API/portal).
Compatibility & Scope
Compatibility: Ideal for clients with high deductibles.
Territorial Scope: Designed for operations with Mexican insurable interest and for domestic and international shipments.
Security Requirements: GPS monitoring; satellite escort for high-risk or vulnerable cargo.
Exclusions: Jewelry, cash, motor vehicles, fresh fruits and vegetables, among others.
Get a Quote for Your First Risk Insurance Policy Today
With ITUS, you get fast response times, personalized attention, and technology that simplifies the management of your shipments.