Cargo insurance

What is Marine cargo insurance?

Marine cargo insurance covers the risks of loss or damage to goods and merchandise while in transit by any method of transport – sea, rail, road or air - and while in storage anywhere in the world between the points of origin and final destination. We have a number of marine cargo products to suit the needs of Small to Medium Enterprises. Find our individual solutions below. Or find information marine cargo for large and multinational business.

Why do we need marine insurance?

Most marine cargo shipments arrive at their destinations without an issue, and it’s easy to think that insurance is a discretionary cost in the logistical process. However, time and time again we hear in the news that the unexpected does indeed happen. If a vessel is lost at sea and your cargo can’t be salvaged, insurance cover will help protect you from financial and commercial loss.

Marine insurance is complex and needs to navigate legal principles from a number of legislative areas - domestic and international law to begin with, but also maritime law. Marine insurance experts stay abreast of these areas and know the intricacies of marine commerce and its many clauses, helping clients to risk manage their shipments and to have peace of mind in their daily operations.

A marine cargo policy is usually an annual policy tailored to suit the shipper’s needs. They range from basic protection against loss of goods through to more comprehensive policies which protect against loss of sales and provide for goods to be shipped as replacements. Marine insurance can also be taken out on a shipment-by-shipment basis.

Who needs marine insurance?

No matter what business you are in, chances are you will be shipping or receiving goods as part of your value chain.  Marine insurance covers the process of moving cargo by sea, road, rail and air, as well as any storage the goods may require in between. As such, it is of vital interest for a broad range of businesses.

  • Manufacturers - importing raw materials and distributing finished goods
  • Wholesalers - importing stock and distributing sales
  • Primary producers - exporting products like beef, lamb, fish and cotton etc.
  • Miners - exporting coal, iron ore or bauxite
  • Retailers - importing stock and moving sales, purchases and stock transfers
  • Repairers - importing spare parts and sending customers' goods.

insurance broker

What are the benefits of an insurance broker?

Good advice is about defining your goals, both immediate and long term, and recommending solutions that fit your circumstances to achieve those goals.

Good advice can:

  • Give you direction & control
  • Save time
  • Manage your risks
  • Stop you making expensive mistakes
  • Give you peace of mind
  • Protect your business
More about brokers 

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Businesses with Zurich's authority can

 >>  issue certificates of marine insurance.

our marine experts can help you with insights