Overview
Marine cargo insurance covers goods while they move by road, rail, sea or air, protecting traders from loss or damage during transit.
What is usually covered
- Loss or damage in transit
- Accidents to the carrying vehicle or vessel
- Fire and natural perils during transit
- Single-trip or annual open policies
What is usually not covered
- Poor packing
- Delay and loss of market
- Inherent defects of the goods
Who needs it
- Traders and distributors
- Importers and exporters
- Manufacturers shipping finished goods
Frequently asked questions
Single trip or annual policy?
Single trip suits occasional shipments. Annual policies suit regular movement of goods.
Do I need it if the transporter is liable?
Transporter liability is usually limited, so your own cover is safer.
Exact cover, exclusions and limits vary by insurer and plan. Always read the policy wording before buying.