Marine Cargo Insurance
Comprehensive Protection for Goods in Transit Across Land, Sea, and Air
Protect your goods during transit with Marine Cargo Insurance, ensuring comprehensive coverage against loss or damage during transportation by rail, road, sea, or air. Ideal for businesses involved in inland or overseas trade, this policy safeguards your shipments from risks like accidents, natural calamities, or poor infrastructure, offering peace of mind in a dynamic logistics environment.
Key Benefits
- Coverage for goods, freight, and other interests in transit.
- Protection against accidents, natural calamities, and poor infrastructure.
- Applicable for rail, road, sea, and air transport.
- Essential for export-import businesses.
- Simplifies risk management in complex logistics operations.
Health Cover Up
to ₹50 Lacs
What is Marine Cargo Insurance?
Marine Cargo Insurance provides specialized protection for goods during transportation, whether inland or overseas. It ensures coverage against unforeseen risks like accidents, natural calamities, or poor infrastructure. Tailored for export-import businesses, this policy helps secure your shipments and reduces financial losses, offering peace of mind in today’s complex logistics landscape.
Why do you need Marine Cargo Insurance?
Comprehensive Risk Coverage
Protect your shipments against risks like accidents, natural calamities, or poor infrastructure during transit.
Essential for Export-Import Trade
Provides critical protection for businesses involved in overseas shipping, ensuring smooth operations.
Multi-Mode Transport Protection
Covers goods transported via rail, road, sea, and air under one policy.
Financial Security
Safeguards your business from unexpected financial losses due to damaged or lost goods.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Marine Cargo Insurance cover and exclude?
Plan Coverage
Protection Against Loss or Damage
Covers goods, freight, and other interests during transit by rail, road, sea, or air.
All-Risk or Specific Coverage Options
Provides flexibility with all-risk coverage or limited protection, depending on your needs.
Inland Transport Protection
Safeguards goods in transit within the country, including machinery, raw materials, and finished products.
International Transport Coverage
Protects goods during import or export via sea, air, or land, as per the Institute Clauses.
Theft and Hijacking
Covers goods against theft or hijacking during transit, especially in high-risk areas.
Damage from Accidents and Natural Disasters
Includes protection for goods damaged due to accidents, poor infrastructure, or natural calamities.
Option for Open Policies
For frequent shipments, you can opt for an open policy that covers all dispatches without taking individual policies.
Assignment Flexibility
This policy is freely assignable and can be tailored to suit specific business needs.
Major Exclusions
Willful Misconduct
Excludes loss or damage caused by deliberate actions or negligence by the insured or their agents.
Ordinary Leakage
Does not cover damage from routine leakage or gradual deterioration of goods during transit.
Improper Packing
Excludes damage due to inadequate or improper packing of goods before transit.
Delays in Transit
Any loss or damage caused by delays in the transportation process is not covered under this policy.
Inherent Vice
Excludes loss or damage resulting from the natural properties of the goods that make them prone to damage.
War and Civil Disturbances
Losses due to war, invasion, insurrection, or civil commotion are not covered by marine cargo insurance.
Strikes and Riots
Excludes damage or loss resulting from strikes, lockouts, riots, or other labor-related actions.
Nuclear or Radioactive Damage
Any loss or damage due to nuclear reactions or radiation is excluded from coverage.
Your Journey to Insurance Manager
When can I Claim?
A claim under Marine Cargo Insurance can be registered in the below circumstances:
- Damage or Loss During Transit: Coverage for goods lost or damaged during transportation by any means.
- Theft or Hijacking: Coverage for goods stolen or hijacked during transit.
- Damage from Improper Handling: Coverage for goods damaged due to poor handling or stowing.
Claim what’s yours with Insurance Manager
Have more questions?
Submission
Assessment
