Marine Cargo / Goods in Transit
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.
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, storm and other natural perils
- Failure of refrigeration equipment for refrigerated goods
- Piracy
- General Average
Who is it for?
Marine cargo insurance is essential for any business that sends or receives goods such as the following:
- Manufacturers - importing raw materials and distribution of finished products.
- Wholesalers - moving goods between the manufacturer, your warehouse and the end purchaser.
- Retailers - moving stock to and from warehouses including stock transfers.