marine-insurance

Comprehensive Marine Insurance Coverage

Marine insurance is designed to cover the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between points of origin and final destination. Whether you're a business engaged in international trade or a shipping company managing fleets, marine insurance provides essential financial protection against the risks of sea and inland water transport.

What Does Marine Insurance Cover?

  • Loss or damage to cargo during transit due to accidents or natural calamities
  • Coverage for ships, vessels, and boats against fire, collision, or sinking
  • Protection against piracy, theft, or non-delivery of goods
  • Third-party liability including damages to ports, harbors, or other vessels

Why You Need Marine Insurance?

Global shipping and logistics involve a range of unpredictable risks—from harsh weather conditions to handling errors and piracy. Marine insurance ensures that your business does not suffer financially in the event of such occurrences. It builds trust with your clients and partners, showing that your operations are safeguarded by a robust risk management policy.

Types of Marine Insurance Offered:

  • Hull Insurance
  • Cargo Insurance
  • Freight Insurance
  • Liability Insurance
  • Inland Transit Insurance
  • Overseas Transit Insurance

Our marine insurance plans are tailored to match your business needs—whether it’s a one-time shipment or a year-long policy. Secure your assets on the water and stay protected from financial surprises.

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Marine Insurance – Frequently Asked Questions

Marine insurance is a type of policy that provides coverage for loss or damage of ships, cargo, terminals, and any transport or cargo in transit between the points of origin and destination.

Importers, exporters, shipping companies, cargo owners, and logistics firms should consider marine insurance to protect goods or vessels against loss, theft, or damage during transit.

Marine insurance can cover cargo loss, damage due to weather, piracy, collision, loading/unloading accidents, fire, and sinking. The exact coverage depends on the policy type (hull, cargo, freight, etc.).

The major types include:
  • Hull Insurance: Covers physical damage to the ship.
  • Cargo Insurance: Covers the goods in transit.
  • Freight Insurance: Protects shipping companies against loss of freight.
  • Liability Insurance: Covers legal liabilities in case of third-party damages.

Marine insurance is not legally mandatory in most countries, but it is highly recommended, especially in international trade, where the financial risk of loss or damage to goods is significant.

Common documents include the insurance policy copy, bill of lading, invoice, packing list, claim form, survey report, and photographs of the damage. Requirements may vary by insurer.