Clagett L1465 C-045

Agreement Number: C-045
Risk Book: Clagett L1465
Ship Name: William
Page Number: 214
Point Of Departure: Liverpool
Point Of Arrival: Calabar/Kingston
Amount Covered: 300
Premium: 15
Broker: Roberts and Johnston
Ship Owner / Investor: Thomas Parr
Date: April 11th 1807

Narrative: On April 11, 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 William 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 Thomas Parr and the agreement was brokered by Roberts and Johnston.