Commodities Documentary Fraud Insurance

In today’s complex global supply chains, the risk of financial loss due to documentary fraud is more prevalent than ever. Commodities Documentary Fraud Insurance (CDFI), developed in partnership with leading lenders and the London Insurance Market, provides essential coverage for direct financial losses caused by fraud where the insured has relied on falsified trade documents, such as bills of lading, warehouse receipts, or inspection certificates.

Understanding the risks: Document falsification and non-existent goods

Financial losses caused by fraud in the commodity sector now run into billions of dollars. In multiple recent cases, businesses have discovered that the commodities referenced in their documentation never existed, leading to denied claims under conventional cargo policies. The core of these frauds often lies in the assumption that someone else has already verified the documentation, leaving gaps in protection.

Building a resilient risk protection strategy

• Bridging the gap: Traditional marine cargo insurance covers physical theft or damage in transit, but not fraudulent documents or non-existent goods. CDFI fills this critical coverage gap.
• Holistic risk management: Ensure your insurance program addresses all-relevant risk exposures, not just physical ones.

How CDFI complements traditional insurance solutions

Contact us for more information on commodities documentary fraud insurance

Use the contact from above to contact our specialists today and understand how CDFI can complement your existing insurance program and provide comprehensive protection.