Marine Insurance provides comprehensive protection for goods and cargo transported by sea, inland waterways, road, rail, or multimodal transit against unforeseen risks, loss, or damage during transportation. It is an essential risk-management solution for importers, exporters, manufacturers, traders, distributors, and logistics and shipping companies, helping safeguard the value of goods throughout their journey and minimize potential financial losses. Move your goods with confidence. Protect every shipment, every journey.
Key Features
- Specific Voyage Policy- Provides comprehensive insurance coverage for a single, specifically identified shipment throughout its transit from one designated location to another, anywhere in the world. This policy is ideal for businesses seeking flexible, shipment-specific protection against transit-related risks.
- Open Policy- An annual marine insurance solution designed to cover multiple domestic, import, and export transits throughout the policy period. Particularly suitable for small and medium-sized enterprises, it enables streamlined shipment declarations and continuous coverage, simplifying the overall insurance management process.
- Sales Turnover Policy (STOP)- A comprehensive marine insurance solution that provides coverage for eligible transits based on the insured's annual sales turnover. By eliminating the need for individual shipment-wise declarations, the policy significantly reduces administrative efforts while ensuring efficient documentation and continuous protection.
- Marine Hull Insurance- Provides comprehensive coverage against loss of or physical damage to marine vessels, including ships, tankers, bulk carriers, small vessels, fishing boats, and sailing craft. Coverage is structured in accordance with internationally recognized Marine Hull Clauses, offering protection against a wide range of marine risks.
- Stock Throughput Insurance Provides end-to-end protection for goods throughout the supply chain—from the supplier's warehouse through transit and intermediate storage to the buyer's final destination. This comprehensive solution covers stock across multiple transportation and storage stages, ensuring uninterrupted protection throughout the entire journey.