Marine cargo insurance is a valuable product that can provide essential protection for your clients. Marine cargo is flexible with customisable options that let you select the level of marine insurance cover you need. SRVIL offers both single and annual trip cover options.
What is Marine CARGO Insurance?
Any number of things can happen while your client’s goods are being transported. They could be stolen en route or destroyed in a collision at sea; either way resulting in a financial burden for the owner if not insured. Marine cargo goes beyond the cover provided by goods in transit insurance. It ensures your client’s goods are pro
Cover can be provided from the first movement of goods in the warehouse for the commencement of transit. The cover continues throughout the ordinary course of transit and ceases when it is unloaded at the recipient’s warehouse or any warehouse used for storage or distribution.
BENEFIT FROM MARINE CARGO INSURANCE?
Marine cargo insurance covers a wide range of risks and perils that can occur during transit, ensuring that the cargo is protected from potential loss or damage.
A typical marine cargo insurance policy can cover the following:
- Loss or Damage: This can include losses due to accidents, theft, fire, natural disasters, sinking, or even piracy. The insurance policy will provide compensation for the value of the goods lost or the cost of repairing any damages incurred.
- Delay or Non-Delivery: This can provide compensation for any financial losses incurred from goods which are delayed beyond a specified time frame or for those that are not delivered at all.
- War and Strikes: Marine cargo insurance policies often include coverage for risks associated with war, strikes, riots, or civil unrest. These risks can pose significant threats to cargo during transit, and having appropriate coverage ensures that any losses or damages caused by such events are compensated.
If your company delivers, imports or exports goods or uses third-party companies to move your goods, then a Marine Cargo Insurance policy offers you specialist protection against the loss or damage to your goods. Importing and Exporting goods can carry unseen risks such as general average losses which may not be covered by your shipper’s insurance policy and this can cause significant financial losses to the owner of the goods. A cargo policy puts you in financial control of the loss and insurers will pay you directly and decide who was liable in their time, not yours.
At SRV, we have many years of experience securing best-fit marine insurance cargo policies that meet the specific needs of our clients.We seek better ways to manage risk and define more effective paths to the right outcome.We go beyond risk to rewards for our clients, our company, our colleagues, and the communities in which we serve. We have presence in USA, UK and Australia.
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In Business , Relationships are the currency of OPPORTUNITY
In Business , Relationships are the currency of OPPORTUNITY