MARINE CARGO INSURANCE
What is Marine Cargo insurance?
Marine Cargo insurance covers the risks of loss or damage to your goods and merchandise while in transit by any method of transport – sea, rail, road or air – and while in storage anywhere in the world between the points of origin and final destination
Who needs Marine Cargo insurance?
If your business imports or exports goods and merchandise, and could not afford to lose one or more of these shipments, then you need Marine Cargo insurance. The following types of businesses will generally have a need for Marine Cargo insurance:
- Manufacturers
Importing raw materials and distributing finished goods - Wholesalers
Importing stock and distributing sales - Primary producers
Exporting products like beef, lamb, fish and cotton etc. - Retailers
Importing stock and moving sales, purchases and stock transfers
What does Marine Cargo insurance cover?
Although each policy is different, Marine Cargo insurance will generally cover damage to your cargo as a result of:
- Water and fire damage
- Theft
- Vehicle collision
- Inadequate load securing
How much Marine Cargo Insurance is enough?
Although this will depend on the value of your imports, exports and/or domestic sendings, our insurance brokers will work with you to calculate an adequate level of cover.
For more information on Marine Cargo insurance and the important role it can play in protecting your business, please contact us via the form below.
