WHAT IS CARGO MARINE INSURANCE?
When you ship your cargo internationally, you always run to risk on damaged goods or even loss. By choosing a Cargo Marine Insurance, the chances of damage or loss are a lot lower.
Cargo Marine Insurance is a type of insurance cover for freight or cargo that is ships overseas. This type of insurance covers a wide array of risks, including large complex cargo risks. This means that even the most sensitive equipment will be covered by our insurance policy.
WHAT IS COVERED?
A typical cargo marine insurance covers three quarters of the insured party’s liabilities toward another third party. The most common liabilities that are covered under this type of insurance are liabilities arising when a collision with another ship arises or when cargo is damaged during bad weather on sea. There are always unforeseen circumstances that can arise and potentially harm your cargo.
All-risk cargo marine insurance is recommended, since it offers protection against acts of God, for example flood, tornado or another natural disaster, but also acts of war such as strikes, riots, terrorism and piracy. By using this type of cargo insurance you’ll have total peace of mind.
We strongly recommend our clients to purchase Cargo Marine Insurance for peace of mind and quick recover from unexpected loss.