Marine & Cargo Insurance
Marine & Cargo Insurance overview
Marine & Cargo Insurance provides comprehensive coverage for goods transported over water, protecting businesses from financial losses due to damage, theft, or unforeseen maritime risks. Whether you are a shipper, consignee, or logistics provider, this policy ensures your cargo reaches its destination securely.
Who Needs This Insurance?
Importers & Exporters
Freight Forwarders
Logistics Companies
Manufacturers
Distributors
Common Risks Covered:
Weather-related damages (storms, hurricanes, rough seas)Fire & ExplosionsTheft & PiracyAccidents & CollisionsContainer loss or damage
What Marine & Cargo Insurance covers
Cyber insurance goes beyond just covering legal fees and expenses. It typically assists with:
All-Risk Coverage
Protection against a wide range of perils, except those explicitly excluded in the policy.
Named Perils Coverage
Covers specific risks such as sinking, theft, fire, and collision.
Warehouse-to-Warehouse Coverage
Extends protection from the point of origin to the final destination, including storage in transit.
General Average
Covers shared financial losses if cargo is intentionally sacrificed to save the vessel.
Marine & Cargo Insurance Faq
What is not covered under Marine & Cargo Insurance?
Exclusions may include war risks, inherent vice (natural deterioration), and delay losses unless specifically included in the policy.
Can this insurance cover inland transport as well?
Yes, with the right policy, coverage can extend to inland transportation after cargo reaches the port.
How is the premium calculated?
Premiums depend on factors such as cargo type, value, route, and transportation mode.