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Ship carrying cargo
Carriers Liability
Shipping containers
Goods In Transit
Cargo ship
Import & Export
Shipping containers stacked
Transit Risk & Stock Throughput

Marine Insurance Products

Manage your risks and protect your assets while in transit.

Carriers Liability

Carrier liability refers to the legal and financial responsibility that shipping companies (carriers) have for the goods they transport by sea. This coverage is crucial for carriers because it protects them from potential financial losses and legal liabilities associated with damage, loss, or theft of cargo during transit.

 

In the maritime industry, various risks, such as rough weather, accidents, piracy, and mishandling, can result in damage or loss of cargo. Carrier liability insurance provides coverage for these risks, ensuring that carriers can compensate cargo owners for their losses. It helps maintain trust between carriers and their clients, including shippers and consignees.

Goods In Transit

Goods in transit insurance, is a type of coverage that protects goods and merchandise while they are being transported from one location to another. This insurance is essential for businesses involved in shipping, logistics, and transportation as it provides financial protection against various risks and perils during transit and typically includes coverage for damage, loss, theft, or destruction of the cargo.

Import & Export

Import and export insurance is a vital tool for businesses engaged in international trade. It mitigates financial risks associated with non-payment, insolvency, political instability, and other trade-related uncertainties. Not having this insurance in place exposes businesses to these risks, potentially resulting in financial losses, damaged relationships, and challenges in expanding their global footprint.

Transit Risk & Stock Throughput

Stock Throughput Insurance protect businesses from various risks associated with the movement and storage of goods. It is a comprehensive insurance solution that combines coverage for goods in transit, goods in storage, and goods at various stages of the supply chain. This type of insurance provides end-to-end coverage for businesses involved in the movement, warehousing, and distribution of goods from the moment they leave the supplier’s facility until they reach the end customer.

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