From Port to Port
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Explore a secure and seamless shipping with marine cargo insurance
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Why is Marine Insurance For Cargo Vital for Business
Don't let a stormy sea sink your profits! Marine insurance for cargo is your lifeline, safeguarding your shipments against unexpected losses and ensuring your business stays afloat.
What Types Of Businesses Need Marine Cargo Insurance Coverage?
Commodity Traders
Safeguard your valuable commodities from the moment they leave the origin point until they reach their final destination.
Project Cargo Owners
Secure your high-value project cargo, such as heavy machinery or oversized equipment, against damage or loss during transit.
Manufacturers
Protect your valuable goods from the moment they leave your factory until they reach your customers with comprehensive marine insurance for cargo.
Importers and Exporters
If you regularly import or export goods, marine insurance for import & export protects your shipments from theft or natural disasters, ensuring your investments are safe.
Freight Forwarders
Freight forwarders depend on marine insurance for shipping to protect the cargo they manage for clients. This coverage mitigates risks associated with transporting goods across multiple carriers and modes of transportation.
How will Marine Cargo Insurance Help Businesses?
A manufacturer ships $500,000 worth of electronics from China to India. During transit, the cargo ship encounters a severe storm, causing damage to several containers, including the one with the electronics.
Shield your shipments against heavy cargo losses
Marine cargo insurance shields the cargo insurer against any financial losses due to damaged cargo. With marine insurance, business operations can continue without hindrance and incur minimal losses.
Inclusions
Natural Disasters
Protects cargo against losses caused by hurricanes, floods, earthquakes, and other natural calamities during transit.
Collision Between Vehicles
Protects against damage from collisions during transport.
Overturning or derailment of vehicle
Covers losses if the transporting vehicle overturns or derails.
Theft or Hijacking
Protects against loss due to theft, piracy, or hijacking of the cargo.
Damage During Discharge of Consignment
Covers damage that occurs while unloading the goods.
Shortage or Non-Delivery of Goods
Protects against situations where cargo is missing or not delivered.
Exclusions
Intentional Acts
Loss or damage intentionally caused by the insured is not covered.
Shortage or Non-Delivery of Goods
Losses due to simple non-delivery or shortage without evidence of an insured peril are not covered.
Ordinary Wear and Tear
Damage that naturally occurs from normal use or handling is excluded.
Inherent Flaws of the Goods
Damage caused by a defect or weakness within the goods themselves is not covered.
Expert Claims Management
Financial Security
Comprehensive Coverage
Streamlined Claims Process
Competitive Pricing
Why Buy Marine Cargo Insurance From Covrzy?
Our tailored marine cargo insurance solutions provide comprehensive protection against multiple transit risks. Whether you're shipping goods by sea, air, or land, Covrzy's expertise ensures end-to-end shipment coverage for your cargo.
Expert Claims Management
Financial Security
Comprehensive Coverage
Streamlined Claims Process
Competitive Pricing
Real Life Claim Story
On June 13, 2018, the MV SSL Kolkata, carrying 464 containers, caught fire in the Bay of Bengal. The fire started in one of the containers and quickly spread, engulfing a significant portion of the vessel.
Cargo Value Compensation
Marine cargo insurance would have covered the value of the lost or damaged goods, mitigating financial losses for cargo owners.
Legal Protection
Insurance could provide coverage for any legal liabilities arising from the incident, such as environmental damage claims.
Frequently Asked Questions
Difference Between Marine Insurance And Inland Marine Insurance
Marine cargo Insurance insures your shipment for transportation of goods between one nation to another by land, sea or air, whereas inland marine insurance insures your goods when being transported domestically, mostly by land.
How many types of Cargo Insurance coverages are there?
Who can buy marine/transit cargo insurance?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
All Shipments Covered With One Marine Insurance
From Storms to theft, Your Cargo Faces Countless Risks
