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Marine cargo insurance is the oldest form of insurance in the world. Cargo insurance insures property while in transit against loss or damage arising from perils associated with the navigation of the sea - and subsequent land and inland waterways.
This could be due to risks ranging from dock strikes to rogue waves, heavy seas, loss of refrigeration or even earthquakes damaging containers on land.
You need marine cargo insurance if:
We can cover cargo moving anywhere in the world just once, or on an ongoing basis.
You have the choice of:
In the speciality area of marine cargo insurance difficulty arises with pinpointing where responsibility passes between parties. We usually ask to review the terms of sale before a contract is signed, so we can assist with mitigating your risk even at an early stage. If this is not possible, we can structure your marine cargo insurance in such a way that it covers your risk under the agreed terms of sale.
We have brokers with extensive experience in marine insurance and understand what’s needed to support you at claims time. They can work with you to offer options on protection for a range of marine risks including marine hull and liability cover and marine carrier’s liability insurance.