Who provides the insurance?
Insurance is brokered by Marsh and underwritten by Zurich in the United States, Canada, Dubai, Mexico and Europe. In Australia, insurance is brokered by Australian Risk Applications Pty Ltd and underwritten by Zurich Insurance Group LTD.
Why doesn't Ritchie Bros. provide insurance for my equipment when it's at the auction site?
Only the legal owner can insure a piece of equipment. As such, all consignors and buyers must purchase on-site property insurance to protect their equipment against damage or loss while it's at a Ritchie Bros. auction site.
This information provides only a general overview of subjects covered, is not intended to be taken as advice regarding any individual situation, and should not be relied upon as such. Insureds should consult their insurance and legal advisors regarding specific coverage issues. All insurance coverage is subject to the terms, conditions, and exclusions of the applicable individual policies. Marsh cannot provide any assurance that insurance can be obtained for any particular client or for any particular risk.
Marsh is part of the family of Marsh & McLennan Companies, including Guy Carpenter, Mercer, and the Oliver Wyman Group (including Lippincott and NERA Economic Consulting). For more information visit www.marsh.ca or www.marsh.com.
For full details of the cover and policy conditions and Financial Services Guide for insurance provided in Australia, phone Australian Risk Applications Pty Ltd. at +61.2.9007.2491.
For Australia - view the Financial Services Guide (FSG) and/or policy wording.
Questions? Call today