Clagett L1465 C-033

Agreement Number: C-033
Risk Book: Clagett L1465
Ship Name: Princess Royal
Page Number: 145
Point Of Departure: Liverpool
Point Of Arrival: Africa/Market
Amount Covered: 300
Premium: 15
Shipping and Goods: G
Broker: James Barnes
Captain: William Brinton
Ship Owner / Investor: William Begg
Date: May 4th 1807
Voyage ID according to 83231

Narrative: On May 4, 1807 at the Lloyd’s Market in The Royal Exchange, Horatio Clagett was part of a group of underwriters who insured a voyage of the ship Princess Royal from Liverpool to Africa to a Market trafficking enslaved people. He underwrote £300 in risk at a premium of 15 percent. Clagett directly insured the enslaved against risk of loss as ‘goods’ or ‘cargo’. This is evidence of the dehumanizing commodification and speculation on the financial value of enslaved lives. The ship was owned by William Begg and John Mill and the agreement was brokered by James Barnes. The captains of the ship were William Brinton and Laughton. This voyage is further detailed at as Voyage ID 83231.