Marine Cargo
Insurance
The insurance policy is ideal for suppliers, exporters, importers, retailers, and wholesalers. We will help you with
- Customised Coverage
- Global Expertise
- Best Price
Overview of Marine Cargo Insurance
Marine cargo insurance is essential for businesses involved in global trade. It ensures continuity and safety despite transportation risks. It protects the goods in transit against risks like theft, damage, or loss, whether by land, air or sea.
The insurance policy safeguards shipments from various threats, including weather conditions, accidents, and port handling.
Marine Cargo Insurance Coverage
Multimodal
Coverage
A multimodal marine cargo insurance policy provides comprehensive coverage for goods in transit across various transport methods globally.
Damage
Coverage
Damage coverage offers comprehensive financial protection against potential loss or damage such as collision or accident, theft or pilferage, and weather damage.
Regulatory
Compliance
Global trade support complies with international trade regulations, customs, and transport laws. It prevents legal issues, delays, and penalties across borders.
Why Choose Marine Cargo Insurance for Your Business?
With marine cargo insurance, you ensure your business is protected at every step, from warehouse to destination, enabling confident participation in global trade.
Multimodal Coverage
Multimodal coverage refers to the transportation of goods via multiple modes, such as road, rail, air, and sea, under a single insurance policy. This coverage ensures seamless delivery of goods from the point of origin to its final destination.
The coverage benefits businesses engaged in global trade, where goods often travel via different and complex routes. It is ideal for importers, exporters, and logistics providers to get complete protection of goods against unforeseen risks.
Damage Coverage
Damage coverage refers to the financial protection offered to cover physical damage or loss of goods during transit or local storage. This coverage ensures that businesses do not bear the financial burden of unexpected incidents affecting their shipments.
It addresses risks like loss, theft, or damage at any journey stage, whether during transit or temporary storage. Damage coverage ensures protection from losses such as adverse weather, collisions and other factors that may cause damage.
Regulatory Compliance
Regulatory compliance assures that marine cargo transportation policies conform to appropriate national and international laws. This helps businesses avoid legal issues, fines, and delays while meeting the standards of trade agreements, customs requirements, and environmental regulations.
The coverage ensures smooth customs processing and operational continuity. It reduces delays and disputes that can disrupt global supply chains. This will protect businesses against compliance risks.
Top Reasons to Choose SIS Marine Cargo Insurance
Get specialist advice, comprehensive coverage, and customised solutions for your marine cargo insurance needs. Our simple insurance policies meet the varied demands of our business clientele.
Our insurance brokers offer quick processing with minimum financial and operational disruptions. We will help you evaluate your shipping risks and ensure optimum protection.
Flexible Policies
Affordable Rates
Hassle-free Process
Swift and Simple Claims
Report the
Incident
Submit Related
Documents
Assessment &
Evaluation
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Compensation
Essential Protection for Freight Forwarders
Freight liability insurance is essential for freight forwarders, hauliers, vehicle transporters, ware housekeepers, couriers, and removers. It protects the goods in transit against legal liabilities that arise from any loss or damage to the items.
The insurance policy complies with the industry regulations and provides peace of mind to the carriers and their clients. Our comprehensive freight liability coverage will help you in running efficient business operation while minimising unforeseen risks.
Marine Insurance Expertise You Can Rely On
Connect with our marine insurance brokers to get a customised policy for your business’s shipping needs. Let us ensure the safety and security of your goods.
Marine Cargo Insurance FAQs
Here are some commonly asked questions regarding marine cargo insurance.
We hope you will get the answers you need.
What is cargo insurance?
Marine cargo insurance, also known as cargo insurance, protects shipments from physical loss or damage during transit via road, rail, air, or sea. It is ideal for importers and exporters as well as for domestic shipping. Traditional shipping insurance can leave businesses exposed to significant risks. Our comprehensive insurance offers protection against theft, delays, and damage, ensuring your peace of mind and financial security.
What does marine cargo insurance cover?
Marine cargo insurance covers goods from their point of origin to their final destination. It ensures that the goods are shipped safely to their final destination against all risks, damages, and physical losses. The insurance protects businesses from financial instability and reputational losses. It provides coverage for all four transportation modes: road, rail, sea, and air under one single policy.
Why does your business need cargo insurance?
Cargo insurance is a must for businesses dealing with international trade. International shipments and consignments may experience greater threats than local shipments. Your freight forwarder may provide limited insurance coverage for your goods. In such cases, getting marine cargo insurance is an ideal choice. It will protect your international shipments in transit or temporary storage against accidental and man-made threats.
How is cargo insurance cost calculated?
Cargo insurance cost depends on multiple factors. The insurance cost is determined after analysing the type of goods that are being shipped, who owns the transportation vehicle and the annual value of goods imported or exported within the UK. The cost is also dependent upon the insurance coverage you opt for and whether you need storage coverage or not.