Or Email Us
What Is Marine Cargo Insurance?
Transporting goods both nationally and internationally has become an increasingly complex industry over the last few decades. If your business imports, distributes or exports finished products or component then marine cargo insurance is essential to protect from the most common claims and minimise risk.
Policies can be tailored to your commercial operation, and will often protect for the transport of goods via road, rail, sea or air. Depending on your needs cover can be created for moveable inventory including raw materials and partially completed products.
“So we can give the right advice on risk and insurance coverage, we will work with you to obtain a full understanding of your business.”
Daniel Jewell
Why do I Need Marine Cargo Insurance?
Often companies can be left with shortfalls when it comes to cover for transport. Miscommunication, or a lack of communication altogether, means suppliers, customers and freight forwarders frequently assume cover has been arranged by the other party. It’s also a common misconception that your products are covered automatically when in transport, in fact, liabilities held with transportation companies are often limiting.
When damage or loss of goods does occur this could leave your business facing the related legal and financial costs involved. That’s why the correct level of marine cargo insurance cover is essential, it not only provides you with the peace of mind that your goods are protected but also helps cover shortfalls in the event of damage or loss.
Cover is available on an All Risks Worldwide basis, including while in temporary storage in third party warehouses. Terrorism cover is provided during transit, war risks are only covered during sea or air carriage.
What Businesses May Need Marine Cargo Insurance?
Often a business had not taken out a marine cargo policy because there was an assumption that either cover was not needed or was already provided. Commonly when we consult with clients we find these are the types of businesses that require marine cargo insurance:
- Exporters of goods
- Importers of goods
- Manufacturers
- Suppliers
- Wholesalers
- Contractors
- Retailers
- Companies involved in transporting goods for exhibitions (for example museums)
Find The Right Marine Cargo Insurance For You
With our brokers, you can be confident in the fact that your claim will be dealt with in a respectful and efficient manner by our specialist team.
For more information on our marine cargo insurance, simply contact the team. Alternatively, you can request a call back. Our team will be more than happy to discuss your policy needs and answer any questions you may have.
