If your business takes you across the seas, it's important to guard yourself against the risks of maritime enterprise, including misadventure, acts of mother nature and even piracy.

Marine Transit insurance covers the safe transport of all types of goods, and any loss or damage to ships, cargo, terminals or marine infrastructure projects.

We also offer attractive premiums that include a responsive claims service to deal on your behalf.

What Does It Cover?

There are different types of marine-related insurance policies, and the type you choose will vary based on your specific needs. Marine insurance policies can cover:

Accidental Damage - Physical damage that occurs as a result of an unexpected and non-deliberate external action.

Insured events - events nominated by the insurer, commonly known as fire, collision, overturning covers.

Collision - damage caused due to the collision of the vehicle, vessel, train, aeroplane that carries the cargo. It may be a collision between two carriers or it might involve the carrier hitting a stationary object such as a crane, bridge, wall, crane, or tree.

Dropping of cargo during loading & unloading - only if this is not an excluded event stated under a specified risks policy.

Fire, explosion, lightning - While fire is a common event covered by all transit policies, cover for explosion and lightning may or may not be granted.

Malicious damage - Malicious acts, vandalism and sabotage by third parties.

Marine Cargo - coverage of goods in transit for manufacturers, importers, exporters, commodity traders and logistics companies.

Marine Liability - coverage for those who are employed within the marine industry, including liability insurance for: transportation companies, stevedores, wharfingers, terminal operators, port authorities, ship repair operations, bunkermen, vessel charterers, pilots and marine contractors.

Inland Marine - coverage for moveable/mobile assets, assets in transit or in storage, and assets that require specialisation.

Who Does It Cover?

Marine transit insurance is important for businesses involved in all types of marine operations including: shipping or receiving of goods, operating commercial watercraft, repairing vessels, and running a marina.