Marine Cargo insurance provides protection for loss or damage to both vessel and goods while in transit by any method of transport – sea, rail or air. When you are moving goods from one place to another, there are a number of things that can go wrong, and the consequences can be devastating for you and your business if you are not properly covered.

Marine Cargo insurance is a complex product due to the enormous amount of variables involved, and your business’ unique circumstances for transporting such goods (for example, one-off shipments through to regular importers/exporter companies). Drawing on a broad depth of knowledge and experience, your insurance broker is crucial to sourcing and negotiating the best cover for you, to keep your business afloat.

Who needs it

Any business that sends or receives goods. Key industries that rely on transporting goods include:

• Manufacturing – bringing in raw materials and distributing finished products,

• Agriculture – primary producers transporting goods from their farms,

• Wholesalers – moving goods from producer to retailer,

• Retailers – moving stock from warehouses and stock transfers,

• Mining – importing and exporting raw materials and equipment.