Cargo Security/Insurance Argus achieves peace of mind

摘要

If things go wrong along the supply chain for Argus Group Ltd., a global shipper of heavy oil and pipeline equipment, they could go very wrong. And because the company's transportation network runs through some of the world's most complicated and high-risk countries in the world-primarily Russia and its former Soviet satellites-having comprehensive cargo insurance is now a given. That wasn't always the case. When David Lax, now vice president of operations, began his career at Argus back in 1993, claims were rare for the first few years. At that time, the company relied on carrier liability insurance policies covering each individual shipment. "But that was really difficult and expensive,' he says.