Insurance Services

Marine Cargo Insurance

Loss or Damage to Goods during Transit

Accidental loss or Damage to goods during transit

Theft and Pilferage

Fire

Collision, over tuning of carrying vehicles

War, Riots, Strikes and civil commotion

What does cargo insurance cover?

Cargo insurance covers all risks of physical loss of or damage to goods during transit, imports, exports and domestic carriage, including any incidental storage. Storage outside the ordinary course of transit can be added as an extension to a cargo insurance policy where both purchases and sales are covered.

Terrorism cover is only given during transit, and war risks are only covered during sea or air carriage.

What does cargo insurance not cover?

Consequential losses are not normally covered; but can sometimes be added, for example to cater for loss of market subsequent to insured loss of or damage to seasonal goods.

Non-fortuitous losses are not covered under a cargo insurance policy.