A marine cargo/transit policy provides cover for goods/cargo against loss or damage during transportation from one location to another. This Insurance can cover business or personal goods in transit, either locally or internationally.

Marine Cargo insurance is essential for any business that sends or receives goods such as the following:

• Manufacturers - import raw materials and distribute finished products.
• Wholesalers – moving goods between the manufacturer, your warehouse and the end customers.
• Retailers – moving stock to and from warehouses, including stock transfers.
• Other - operating watercraft commercially, repairing vessels, running a marina, and more.

There are different types of marine-related insurance policies; the type you choose will vary based on your specific business needs.

The policy generally provides cover for goods lost or damaged in transit as a result of the following:

• Accidental loss
• Crashed/overturned vehicle
• Theft
• Fire, storms and other natural perils
• Failure of refrigeration equipment for refrigerated goods
• Piracy
• General Average