No. Despite the name "Marine," this insurance covers the transport of goods by sea, air, road, rail, and registered post. It is more accurately described as Cargo or Transit Insurance.
In a globalized economy, goods are constantly on the move via sea, air, rail, and road. Marine/Transit Insurance is an essential safeguard for businesses involved in trade and logistics. It protects your cargo against loss or damage from the moment it leaves the warehouse until it reaches its final destination, ensuring that a transportation mishap doesn’t result in a total financial loss for your business.
Secure your supply chain and keep your business moving forward, no matter the distance.
The journey of goods is fraught with risks, from natural disasters and shipwrecks to theft and loading accidents. Our insurance plans are designed to provide end-to-end protection for importers, exporters, and domestic traders. We offer flexible coverage that handles the complexities of international trade laws and transit risks, providing you with a reliable safety net that covers the cost of goods, freight charges, and even a percentage of expected profits.
No. Despite the name "Marine," this insurance covers the transport of goods by sea, air, road, rail, and registered post. It is more accurately described as Cargo or Transit Insurance.
An Open Policy is ideal for businesses with frequent shipments. It provides continuous coverage for all transits over a specific period (usually a year), eliminating the need to buy a separate policy for every trip.
Yes, most comprehensive Marine/Transit policies cover natural calamities that occur during the journey, provided you have chosen the appropriate "Institute Cargo Clauses" (ICC).