This covers cargo loss, cargo vessels, terminals & transport where goods are transferred between the point of origin and final destination.
Marine insurance is a policy that covers loss or damage to ships, cargo, and other marine assets during transportation by sea or inland waterways. It protects owners against risks such as natural disasters, piracy, and collisions. Policies can cover total loss or damage to the vessel or cargo, liability for damage caused to other vessels or property, and injury or loss of life to crew members.
This cover is ideal for imports/exports like petroleum, manufacturing and agricultural inputs, electronics, pharmaceuticals, machinery, and textiles among other.
These are events created by either man or God. Examples of such events are earthquakes, cargo being washed overboard, rainwater damage, piracy, vandalism and such
Also known as incidental perils, they are caused by errors in loading, carrying and loading at the terminals. Examples are leakage, handling, rough handling and pilferage.
A comprehensive all risks Marine insurance policy covers loss or damage as a results if :-
NB – War and strikes covers are available at an additional premium