Marine Cargo Insurance

If your business involves transportation of goods it is imperative that you take out marine cargo insurance.

What is Marine Cargo Insurance?

If your business involves transportation of goods it is imperative that you take out marine cargo insurance. When operating a business where transport of goods occurs the chances are you will be exposed to natural risks from Mother Nature, misadventure and possibly piracy. Contact with any of these risks can prevent your commercial vessel, transported cargo or pleasure craft from reaching its intended destination, or potentially cause costly damage. In addition there are a number of domestic, international and maritime laws that need to be considered.

Who needs it?

Marine cargo insurance is important for businesses involved in shipping or receiving goods, operating watercraft commercially, repairing vessels, running a marina to name a few.

Businesses that would benefit from Marine cargo insurance include:

  • Importers and exporters;

  • Marina owners;

  • Mining companies;

  • Primary producers;

  • Removalists;

  • Tourism operators;

  • Wholesalers

Insurance benefits

What does it cover?

Don’t be fooled by the name! Marine cargo insurance is not just limited to the seas. There are many different types of marine related insurance policies. Marine cargo insurance policies can cover:

  • Marine cargo

    this includes goods transported by sea, air, rail, courier, post or road - from collection point to delivery. This is for transportation of goods both domestically and internationally.

  • Marine liability

    Marine liability covers marina service providers such as yacht clubs, ship repairers, and port authorities. This particular cover insures against various types of liability, including but not limited to cargo damage, damage to other marine vessels and property as well as third party injuries.

  • Transportation

    Trucking or logistics companies who transport goods within Australia.

Marine Cargo Insurance

What is excluded?

As with any policy there are exclusions. Check with us to further investigate excesses and limits on cover.

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Reasons for people choosing Safeguard Insurance

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